
Business Confidence Nearly in Optimistic Territory
Business confidence in Massachusetts rebounded in June in lockstep with the reopening of economic sectors that had been sealed off by government order to guard against the spread of COVID-19.
Business confidence in Massachusetts rebounded in June in lockstep with the reopening of economic sectors that had been sealed off by government order to guard against the spread of COVID-19.
Already worried to start the year about the possibility of an economic slowdown, the confidence of Bay State employers in the economy in the midst of the global coronavirus pandemic plummeted in March to near-Great Recession levels.
Massachusetts employers were less confident about economic conditions in May, amid renewed trade tensions and concerns among companies about increased operating costs from paid family leave and other government mandates.
Massachusetts employers gave a big “Bah Humbug” to the year-end economy as business confidence withered in the face of a government shutdown and the largest one-month stock market decline since the Great Depression.
Confidence among employers in Massachusetts dipped in June to its lowest level since August 2017.