Uncertainty chips away at Mass. business confidence

State House NewsBy Colin A. Young | State House News Service

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.

The AIM index has been issued monthly since July 1991. It is presented on a 100-point scale, with a score of 50 being neutral. The all-time high of 68.5 was recorded in both 1997 and 1998, the group said, and its low was 33.3 in February 2009.

Dr. Katherine Kiel, chair of the Department of Economics at the College of the Holy Cross in Worcester, said June’s results were complicated by Great Britain’s June 23 vote to leave the European Union.

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