U.S. October AIM Business Confidence Fell to 46.4

Business confidence in the U.S. economy declined last month, according to the Associated Industries of Massachusetts’ survey of regional firms.

The AIM business confidence index for Oct. fell to 46.4 from 48.4 the previous month. The index measures confidence in the U.S. economy among employers in Massachusetts. A reading above 50 means more of the region’s firms anticipate improving U.S. business conditions.

Following is a table compiled from the October AIM business confidence survey:

==========================================================================
                           Oct. Sept.  Aug.  July  June   May April 6 mo.
                           2011  2011  2011  2011  2011  2011  2011  Avg.
==========================================================================
Business Confidence        46.4  48.4  49.2  50.5  50.0  51.7  56.1  49.4        
 Nationwide conditions     33.0  35.0  37.2  37.8  38.9  44.3  45.9  37.7
 Massachusetts conditions  43.5  46.5  44.1  46.5  46.6  48.2  49.7  45.9
------------------------------------------------------------------------ 
==========================================================================
                           Oct. Sept.  Aug.  July  June   May April 6 mo.
                           2011  2011  2011  2011  2011  2011  2011  Avg.
==========================================================================
Current conditions         47.9  48.5  50.1  50.1  49.4  49.7  53.9  49.3
Future conditions          45.0  48.2  48.4  50.9  50.8  53.7  58.2  49.5
Manufacturing firms        47.3  49.9  47.7  50.2  53.0  54.6  57.8  50.5
Employment conditions      50.9  50.4  54.3  54.2  53.2  51.9  57.9  52.5
------------------------------------------------------------------------ 
Firm-specific conditions   51.9  53.5  54.9  56.1  55.0  54.7  61.3  54.4
==========================================================================
NOTE: Business confidence measures respondents sentiment of 
economic conditions, both nationwide and for the state of
Massachusetts. Firm-specific conditions refers to respondents’
own operations.          

SOURCE: Associated Industries of Massachusetts http://www.aimnet.org

To contact the reporter on this story: Kristy Scheuble in Washington at kmckeaney@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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