The Commonwealth’s economy appears to have bottomed out and may already have started to expand. The Massachusetts Leading Economic Index for February forecasts that real gross state product will grow at an annualized rate of 1.8 percent through August. This is the fourth consecutive positive reading. Furthermore, the current economic index has remained steady for three months in a row.
Clayton-Matthews, Alan, "Economic Currents: The State of the State Economy" (2002). Public Policy and Public Affairs Faculty Publication Series. 33.
University of Massachusetts
Published in MassBenchmarks, Vol. 5, No. 2, pp. 4-9: http://www.massbenchmarks.org/publications/issues/vol5i2/3.pdf.