After three months of downward momentum, the Accountants Confidence Index saw something of a rebound this 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 came in at 50.41, up from the previous month's 48.80 -- and back above the 50-mark that separates expectations of growth from expectations of contraction. The 6-Month ACI, meanwhile, came in at 53.59, up from last month's 51.83.

Many of the index components saw rises of around two points; the only areas where respondents predicted less growth than that was for the overall economy.

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.