Arizona Business Conditions Index rebounds in August.

After three months of trending downwards, the Arizona Business Conditions Index began to show improvement once again in August.

The seasonally adjusted Arizona Business Conditions Index rose 6.1 points to reach 60.5 in August from 54.4 in July – an 11.2 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.

Watch this index.