Survey: Confidence Among Mass. Employers Growing
Bay State employers appear to be gaining more confidence in the economy.
Associated Industries of Massachusetts said Tuesday that its monthly business confidence index rose by more than two points in February to 54.9, the highest reading in nearly a year. It was the fourth straight month that the index gained ground.
The index works on a scale of 100, with a reading above 50 indicating that businesses are more optimistic than pessimistic about the direction of the economy.
The chair of the group's board of economic advisors, Raymond Torto, said while most employers surveyed judged overall business conditions as "average," they felt more positive about the state's business climate than the national economy, and were less worried about the prospect of another recession.
"It's slow improvement, slow recovery, it's not the best economic health but it's improving economic health," Torto says.
The Associated Press and WBUR Newsroom contributed to this report.
This program aired on March 6, 2012. The audio for this program is not available.