The Accountants Confidence Index continued to drop in the immediate aftermath of the election.
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 48.31, down from the previous month's 49.43 -- and even further below the 50-mark that separates expectations of growth from expectations of contraction. The 6-Month ACI, meanwhile, came in at 51.63, down somewhat from last month's 53,86.
The index components all declined, with expectations for large-firm clients seeing the biggest drop.
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.