It’s official. Massachusetts employers aren’t happy.
The Associated Industries of Massachusetts ‘ business confidence index fell into negative territory in March. The index, which had hovered just above the neutral mark of 50 in January and February, dropped to 47.4. Business confidence hasn’t been so low since May 2003, according to AIM.
The survey of AIM member companies found that 43 percent of respondents said the economy is already in recession, and 22 percent said one is likely before the end of the year. Another 28 percent said the economy “could go either way,” and just 7 percent said a recession is unlikely.
