NEMA ei June 2017 - 24


Steve Wilcox
Director, Market Research, NEMA

Conditions Indexes Down but Remain Strong
Current Conditions
(compared to previous

Conditions Six Months
from Now (compared
to current conditions)



or the second month in a row, values in the
current and future Electroindustry Business
Conditions Index (EBCI) matched up exactly; both
edged down from 76.5 in March to April's reading
of 73.5.
Although the topline values were identical, the
underlying response patterns diverged. In the
current conditions measure, 53 percent of the
respondents reported better conditions in April,
down from 59 percent in March. On the flip side,
the share of panel members noting unchanged
conditions increased by six points to 41 percent
in April, while those seeing worse conditions held
steady at six percent.
The survey's measure of the intensity of change
in electroindustry business conditions showed
improvement, and a wider range of responses,
from the previous, month, as the mean score
moved up by one-tenth of a point to +0.8 in April
while the median value remained at +1. In March,
reported intensity values ranged from −1 to +2 but
widened to include a minimum value of −2 and a
top end of +3 in April. Panelists are asked to report
intensity of change on a scale ranging from −5
(deteriorated significantly) through 0 (unchanged)
to +5 (improved significantly).
As federal policymakers appear to be settling into
something of a new normal, the current conditions
reporting seems driven less by inside-the-beltway
affairs and more by on-the-ground business activity.
However, the view six months ahead is still clouded
by concerns about the shape of infrastructure plans
and healthcare and tax reform proposals.
A smaller share of our panel (18 percent in April
versus 35 percent in March) expected conditions
to be unchanged in six months. Sixty-five percent
of our respondents expected better conditions, up
from 59 percent in March, but the proportion of
those expecting worse conditions tripled from 6
percent last month to 18 percent in April.
Visit for the complete April
2017 report. ei

NOTE: We have found that NEMA's EBCI Current Conditions and the ISM New
Orders Index values track reasonably well together, and we now include the ISM
data alongside the NEMA series for comparison purposes.





June 2017

The current month's Manufacturing ISM® Report On Business® may be found at

Table of Contents for the Digital Edition of NEMA ei June 2017

Comments from the Chairman
Electric News
Looking Ahead for Building Systems
Adding Value through ESPCs
Energy Benchmarking Equals Energy Savings
Case Studies: NEMA Members Go Big on Innovation
Shining a Light on PV Wire
Code & Standards
Business Analytics
NEMA ei June 2017 - Cover1
NEMA ei June 2017 - Cover2
NEMA ei June 2017 - 1
NEMA ei June 2017 - 2
NEMA ei June 2017 - Comments from the Chairman
NEMA ei June 2017 - Views
NEMA ei June 2017 - Electric News
NEMA ei June 2017 - Looking Ahead for Building Systems
NEMA ei June 2017 - Adding Value through ESPCs
NEMA ei June 2017 - Energy Benchmarking Equals Energy Savings
NEMA ei June 2017 - 9
NEMA ei June 2017 - Case Studies: NEMA Members Go Big on Innovation
NEMA ei June 2017 - 11
NEMA ei June 2017 - 12
NEMA ei June 2017 - 13
NEMA ei June 2017 - 14
NEMA ei June 2017 - 15
NEMA ei June 2017 - 16
NEMA ei June 2017 - 17
NEMA ei June 2017 - Shining a Light on PV Wire
NEMA ei June 2017 - 19
NEMA ei June 2017 - Advocacy
NEMA ei June 2017 - Code & Standards
NEMA ei June 2017 - 22
NEMA ei June 2017 - International
NEMA ei June 2017 - Business Analytics
NEMA ei June 2017 - Spotlight
NEMA ei June 2017 - Cover4