BOSTON—A group representing manufacturers in Massachusetts says employers are continuing to show greater confidence in the economy.
Associated Industries of Massachusetts says its Business Confidence Index rose nine-tenths of a point in October to stand at 43.3. The index has gone up in seven of the last eight months and is 10 points higher than in February, when it fell to an all-time low of 33.3.
Still, nearly 60 percent of employers surveyed by AIM said that while conditions are improving, they do not believe the recession is over yet.
The index operates on a 100-point scale. Any rating below 50 means that employers have a negative view of the economy. The highest rating was 68.5, last reached in May 1998.
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