Our Accountants Confidence Index bounced back from a few weak 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 were both above 50, which is the divider between growth and contraction. The 3-Month ACI came in at 50.34, up from 49.82, while the 6-Month ACI hit 52.33, up from 51.54.

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.