After rebounding in October, the accounting profession’s expectations for economic growth remained healthy this month, according to the November edition of Accounting Today’s monthly Accountants Confidence Index.
The 3-Month and the 6-Month ACI had risen somewhat over the summer months before sinking sharply for September, with the short-term figure dipping below the 50 mark that the dividing line between expectations of growth and expectations of contraction. After October’s rise, this month’s figures remained positive, despite being recorded shortly after the government shutdown.
The 3-Month ACI came in at 50.67, up from 50.35, while the 6-Month ACI hit 53.41, up from 53.00.
Most of the index components rose slightly, with the respondents particularly bullish on their own mid-term prospects.
More details are available in this month’s interactive online report.
Created in partnership with ADP, the ACI is a monthly economic indicator that leverages the insights of accountants into the strength and prospects of businesses in the U.S.