Business Confidence Remains Near All-Time Low

Massachusetts businesses are starting the year with their confidence in the economy barely above the all-time low reached in December.

WBUR's Curt Nickisch reports.

The Associated Industries of Massachusetts surveys businesses to see how confident they are in how things are looking down the road.

Many said a new presidential administration will be positive for the economy, but overall the index edged up only slightly in January, from what was the lowest measurement since the index began in 1991.

Don Barry is senior vice president of Citizens Bank. He says business confidence is in a trough. "We are bouncing along with rather poor survey numbers," Barry says. "Not a lot of optimism at the moment."

The January index also found the lack of confidence in the economy similar between employers in Greater Boston and elsewhere in the state.

This program aired on February 3, 2009. The audio for this program is not available.