May 6, 2008
Manufacturers Buoy Business Confidence
By Matthew L. Brown
Increased confidence among manufacturers brought the Associated Industries of Massachusetts Business Confidence Index to 50.1 in April.
The "neutral" score is 2.7 points above the 47.4 reported for March. AIM said confidence among manufacturers surged by 5.6 points to 53.9. Manufacturers generally characterized the state's business conditions as "good" and 61 percent said they expect the good conditions to continue for the next six months.
AIM said strong export growth spurred by the weak U.S. dollar is helping the state's manufacturers.
The confidence index among non-manufacturers fell by 1.3 points to 44.8 in April. Respondents to AIM's business confidence survey "continue to be very pessimistic about general economic conditions in the state and the nation," AIM said.
The "neutral" score is 2.7 points above the 47.4 reported for March. AIM said confidence among manufacturers surged by 5.6 points to 53.9. Manufacturers generally characterized the state's business conditions as "good" and 61 percent said they expect the good conditions to continue for the next six months.
AIM said strong export growth spurred by the weak U.S. dollar is helping the state's manufacturers.
The confidence index among non-manufacturers fell by 1.3 points to 44.8 in April. Respondents to AIM's business confidence survey "continue to be very pessimistic about general economic conditions in the state and the nation," AIM said.
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