After a few months of ups and downs, the Accountants Confidence Index rose again this month, in both the mid-term and the short-term.
The ACI, published 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 ACI came in at 51.57, up almost a point from the previous month's 50.63. The 6-Month ACI, meanwhile, came in at 54.32, up from last month's 53.46.
Among the index components, the biggest move was in the panelists' expectations for the growth of their own firms, which was up three points in the mid-term.
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.