In the midst of continuing economic growth, we are seeing signs of a possible future slowdown in the Commonwealth’s economy. June’s Leading Economic Index for Massachusetts was down nearly a percentage point from its May level, and consumer confidence fell moderately in the same month. In the labor market, there is evidence that inflationary pressures may be building.
Clayton-Matthews, Alan, "Economic Currents: The State of the State Economy" (1999). Public Policy and Public Affairs Faculty Publication Series. 22.
University of Massachusetts