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September 5, 2007

Mass. business confidence falls in August

The Associated Industries of Massachusetts Business Confidence Index lost 1.4 points in August, falling to 56.2.

The August number is just below its level of 57.1 a year ago.


AIM said the manufacturing sector accounts for much of the index's August decline.


On the Index’s 100-point scale, a reading above 50 indicates that the state’s employers are predominately optimistic, while a reading below 50 indicates a negative assessment of business conditions. The monthly index was initiated by AIM in 1991 and is based on a survey of AIM member companies.

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