May 1, 2007
Business confidence lowest since 2003
By Matthew L. Brown
The Associated Industries of Massachusetts' Business Confidence Index is at its lowest level since October 2003.
According to AIM, the index lost eight-tenths of a point in April, and dropped to 53.9.
April's decline, according to AIM, came on the back of a decline in March, and "indicates that the March result was neither an artifact of timing nor a statistical outlier," said Raymond Torto, co-chairman of AIM's board of economic advisors.
"Employers from across the commonwealth expressed serious concerns about the direction of the state's business climate and did not foresee improvement in the general business climate of the state or the nation in the next six months ahead," Torto said.
According to the report, confidence was up slightly among manufacturers, but down among other employers for the fifth consecutive month.
Large companies were more confident than medium and small companies, the report said.
According to AIM, the index lost eight-tenths of a point in April, and dropped to 53.9.
April's decline, according to AIM, came on the back of a decline in March, and "indicates that the March result was neither an artifact of timing nor a statistical outlier," said Raymond Torto, co-chairman of AIM's board of economic advisors.
"Employers from across the commonwealth expressed serious concerns about the direction of the state's business climate and did not foresee improvement in the general business climate of the state or the nation in the next six months ahead," Torto said.
According to the report, confidence was up slightly among manufacturers, but down among other employers for the fifth consecutive month.
Large companies were more confident than medium and small companies, the report said.
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