Citizens Business Conditions Index reaches highest US level, Vermont lags vermontbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vermontbiz.com Daily Mail and Mail on Sunday newspapers.
(Watch for this story Monday morning on WZZM TV 13) The Citizens Business Conditions Index for the first quarter of the year was in “upbeat territory,” the financial institution said.
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Citizens: Recovery Continues Amid Increased Vaccinations, Fiscal Package
May 03, 2021, 07:46 AM
Continued economic recovery from the shock of COVID-19 kept the past quarterâs national Citizens Business Conditions Index⢠(CBCI) in upbeat territory, with another healthy reading of 53.3. This compares with the fourth quarter reading of 56.0. A reading above 50 is considered expansionary.
Better-than-expected vaccination rates buoyed the outlook for many Americans, while a newly signed fiscal relief package provided additional stimulus checks, as well as support for the unemployed and for state governments. These developments helped to boost business activity and put the recovery on more stable footing, based on CBCI indicators. This momentum extended across both manufacturing and services sectors, though mixed signs in employment and new-business applications undersco