In January, the Valley's Business Sentiment Index (BSI) rose by 6%, the largest one-quarter increase since Covid recovery. The index runs from zero to 100. Above 50 means local business sentiment is positive; below 50, it is negative.The index took a major hit from the inflation surge in 2022, falling from 64 to 54 in two years. In January, however, the index rose to 57, the same as last January’s level.