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The Boston Globe

Business

Mass. business confidence ticked up slightly as local firms monitored fiscal cliff developments

A business confidence index for Massachusetts posted a 47.8 reading for December, up one point from the previous month’s reading as local companies kept a watch on the fiscal cliff debate in Washington, D.C.

The monthly index, maintained by the Associated Industries of Massachusetts, or AIM, uses a 100 point scale. A reading above 50 suggests a positive outlook among employers in the Bay State that make up AIM’s membership. A reading below 50 suggests a pessimistic outlook by the local business community.

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