After several months of decline, accountants’ confidence in the prospects for economic growth saw a sharp uptick, according to the June edition of Accounting Today’s Accountants Confidence Index.

The 3-Month ACI for June came in at 51.39, up from 49.06, while the 6-Month ACI registered at 53.39, up significantly from 50.96. A reading below 50 indicates an expectation of contraction; our respondents’ short-term forecasts had been negative in both April and May, and both ACIs have been dropping month by month since late in 2013.

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