The seasonally adjusted Arizona Business Conditions Index rose to 53.8 in October from 48.2 last month, an 11.5 percent increase.
An Arizona Business Conditions Index reading of over 50 indicates that the local economy is growing, while a reading below 50 suggests a slowdown in the overall level of economic activity in the near term.
After dipping below the critical 50-mark in September, the index recovered above the 50-mark in November, a high enough figure to abate any worries about a deep impending recession, although the reading was hardly a strong statement on the current local economy.
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