Accountants Confidence Index — December 2017

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December 2017 ACI screen.jpg

Despite uncertainty around the fate of tax reform, the Accountants Confidence Index ticked up somewhat over the past month.

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 rose to 56.87, up from the previous month's 55.58, and even further above the 50 mark that separates expectations of growth from expectations of contraction. The 6-Month ACI, meanwhile, came in at 59.41, up from last month's 58.06.

The index components all rose to varying degrees, with the biggest increases seen in respondents' short-term expectations for the growth of their own firms, and of the economy overall.

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.