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Massachusetts employers grew more confident for the second consecutive month in March, as the Associated Industries of Massachusetts Business Confidence Index edged up 0.5 points last month to 57.2

Confidence among Massachusetts employers strengthened for the first time in six months during February, as the Associated Industries of Massachusetts Business Confidence Index edged up 0.8 points last month, to 56.7.

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With our COVID-crippled economy reopening, people are out spending again. But businesses haven’t rebuilt their inventories or workforces, and thus can’t keep up with surging demand. Nor can their suppliers, so nearly everybody in this shortage-plagued economy is passing along price increases. The unlike the '70s, this bout of inflation is unlikely to persist.