A monthly confidence index that seeks to take the temperature of Bay State employers declined from May to June, said the Associated Industries of Massachusetts, a group that represents the state’s employers.
The index posted a reading of 53.7 in June, down from a reading of 54.8 in May. The reading for June 2013 was 48.9. The index uses a 100-point scale. A reading above 50 indicates a generally positive outlook among state employers, a reading below 50 a negative one.
“Massachusetts has generally outperformed the nation economically since the onset of the recession,” Alan Clayton-Matthews, a member of AIM’s board of economic advisors, said in a statement. “Our state is well positioned to continue to thrive, but is inevitably standing out less as the rest of the country returns to normal performance.”
Clayton-Matthews is also a professor at the School of Public Policy and Urban Affairs at Northeastern University.
The AIM index launched in 1991. The index reached its historic high of 68.5 on two occasions, once in 1997 and again in 1998. Its all-time low of 33.3 was recorded in February 2009.
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