Massachusetts employers remained pessimistic for a third consecutive month in October, despite being upbeat about hiring. The Associated Industries of Massachusetts Business Confidence Index (BCI) fell 1.0 point to 47.6 on a 100-point scale.
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The Business Confidence Index (BCI) gauges the economic vitality of Massachusetts. Scored on a 100-point scale, with 50 indicating neutrality, readings above 50 signify optimism, while those below indicate pessimism. The BCI is overseen by the AIM Board of Economic Advisors, comprised of distinguished economists and business leaders. It assesses employer readiness to expand, hire, and make capital investments.
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