The profession's confidence in the U.S. economy moderated somewhat last month, according to the April edition of Accounting Today’s monthly Accountants Confidence Index.
After two months of uniformly positive readings, the 3-Month and the 6-Month ACI dropped slightly -- though they still indicated an expectation of growth on the part of the accountants whose responses make up the index.
The 3-Month ACI came in at 51.3, down from 52.39 -- but still above the 50 mark that indicates the dividing line between expectations of growth and expectations of contraction. The 6-Month ACI, meanwhile, hit 52.9, down from last month's 53.47.
Most of the index's components were down somewhat. The largest drop was in the respondent's short-term expecations for the growth of their own firms.
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.
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