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Survey: Confidence slips among Mass. employers

Tuesday, 2 Oct 2012 | 12:55 AM ET

BOSTON -- A monthly index measuring confidence among Massachusetts employers has slipped a bit after showing improvement for two consecutive months.

Associated Industries of Massachusetts said Tuesday that its business confidence index fell nearly four points in September to stand at 51.3 on a scale of 100. That means employers, in general, are only slightly more optimistic than pessimistic about the economy.

The index rose slightly in July and August after a sharp drop of 8.4 points in June.

The head of AIM's board of economic advisors, Raymond Torto, says employers still see a lot of short-term uncertainty in the economy, though few expect the U.S. to fall into recession.