January 10, 2018

Climbing business confidence hits 17-year index peak

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Consumer confidence climbed again in December and ended 2017 on a high not reached since the beginning of the millennium, Associated Industries of Massachusetts said Tuesday.

AIM’s Business Confidence Index rose by one point to 63.5 last month, capping the year off by reaching the index’s highest level since November 2000. Through 2017, the index gained 3.2 points and employer confidence levels remained “comfortably within the optimistic range,” AIM said.

AIM’s index has been issued monthly since July 1991. It is presented on a 100-point scale, with 50 being neutral. The all-time high of 68.5 was recorded in 1997 and 1998, the group said, and its low was 33.3 in February 2009. The index has remained above 50 since October 2013.


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