After a slight dip in September, the Accountants Confidence Index continued its downward trajectory, with both the short- and the mid-term measures declining, and short-term expectations dropping into contractionary territory.
The ACI, published by Accounting Today 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 48.75, down from 50.36 last month, while the 6-Month ACI hit 52.01, down from 52.73. The 50 mark separates predictions of growth from predictions of decline.
The index components mostly down, with particularly large drops in both the short-term and the mid-term forecasts for our panels large-business clients -- which also happened last month.
More details are available in this month’s interactive online report.
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.
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