Our Accountants Confidence Index continued on a positive track from the previous two months, with expectations of growth in both the short- and the mid-term.
The ACI, created in partnership with ADP, is a monthly economic indicator that leverages the insights of accountants into the strength and prospects of businesses in the U.S. The 3-Month and 6-Month ACI readings for this month both stayed above 50, which is the divider between growth and contraction. The 3-Month ACI came in at 50.96, up from 50.41, while the 6-Month ACI hit 53.25, up from 52.57.
Most of the index components saw upticks, if only modest ones.
The ACI is created from a monthly poll of the Accounting Today Executive Research Council, an online community of more than 1,500 tax and accounting professionals.