Demand Net Rising Index - NABE Industry Survey
The Graph of the Week comes from the July 2009 NABE Industry Survey, and shows the Demand Net Rising Index. From the survey:
Industry demand conditions appear to be stabilizing. In the July survey, 43% of respondents reported that the unit
volume of demand was unchanged over the past three months, while 31% indicated falling demand and 26% noted
rising demand. Thus, the net rising index (NRI)—the percentage of respondents who reported rising demand minus the
percentage who reported falling demand—improved from to -5 from -14 in the April survey and a record low of -28 in
the January survey. (The NABE Industry Survey began in 1982.) Demand in the transportation, utilities, information,
and communications (TUIC) sector was exceptionally weak, with 90% of respondents reporting declines and none
reporting gains. In goods-producing industries, the NRI improved markedly from -53 in the April survey to -29, as fewer
manufacturing firms reported declines. The net rising indexes in finance, insurance, and real estate (FIRE) and services
signaled further growth, building on the upturns reported in the April survey.
The full NABE Industry Survey, including the data series used to construct these graphs, is available to members only. A summary is available to the public.