Mass. employer confidence falls
The Lowell Sun - 07/06/2016
Amid uncertainty over global conditions and slowing domestic job growth, employer confidence fell in Massachusetts last month as companies took an increasingly bearish view of the U.S. economy, according to survey results released Monday.
The Associated Industries of Massachusetts’ monthly business confidence index dipped 1.6 points to 56.1 in June, the business group said, putting confidence levels about two-tenths of a percentage point lower than their mark from one year ago.
Confidence in business conditions in Massachusetts dropped 0.8 points to 58.5 on the index, AIM said, up 1.6 points from its mark last June. AIM reported that confidence levels were higher in Greater Boston (58.9) than in the rest of the state (55.6) in June.
“Despite concerns about the potential effect of a strong dollar on exports, employers continue to believe that Massachusetts has the type of economy that will ride out all the global uncertainty,” economist Barry Bluestone, director of Northeastern University’s Dukakis Center for Urban and Regional Policy, said in a statement.