By Boston Business Journal

The Associated Industries of Massachusetts Business Confidence Index rose 2.2 points in June to 53.7, the business advocacy group reported Tuesday.

A score of 50 is neutral.

⿿Massachusetts employers report that current business conditions are now mildly favorable, and they are optimistic though not exuberant about continued improvement,⿝ Raymond G. Torto, global chief economist at CB Richard Ellis Group, Inc. and chairman of AIM's Board of Economic Advisors said in a prepared statement.

⿿They see Massachusetts business conditions keeping pace with or surpassing national conditions, in contrast to the experience in the recovery phase of recent past cycles,⿝ he added.

⿿The long-term trend is more meaningful than month-to-month changes, but tells the same story⿝ Torto noted. ⿿The AIM Index has risen in 14 of 16 months since hitting bottom in February 2009.

Copyright 2010 American City Business Journals
Copyright 2010