Associated Industries of Massachusetts: Uncertainty, weak US job growth, Brexit fears hurt confidence
The Associated Industries Business Confidence Index fell 1.6 points in June to 56.1 points. That is still above the 50-point mark considered neutral. Anything over 50 points is positive, anything below 50 is negative. The index reached its historic high of 68.5 on two occasions in 1997-1998, and its all-time low of 33.3 in February 2009. The index has been greater than 50 since October 2013. Quarterly confidence rose from 55.8 during the first three months of the year to 56.7 during April, May and June.