The profession expects no growth in the next few months, according to the May edition of Accounting Today’s monthly Accountants Confidence Index.
Following the previous month's declines, the 3-Month and the 6-Month ACI continued to drop slightly -- eventually straddling the dividing line between growth and contraction.
The 3-Month ACI came in at 49.82, down from 51.3 -- and just below the 50 mark that indicates the dividing line between expectations of growth and expectations of contraction. The 6-Month ACI, meanwhile, hit 51.54, down from last month's 52.9.
Most of the index's components were down somewhat, but with no significant outliers.
More details are available in this month’s
Created in partnership with ADP, the ACI is a monthly economic indicator that leverages the insights of accountants into the strength and prospects of businesses in the U.S.
