The Accountants Confidence Index got back into sync with an upward tick in July, after the short- and mid-term readings split in June.

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 51.13, up a little from 50.93 last month, while the 6-Month ACI hit 53.95, up from 53.44. The 50 mark separates predictions of growth from predictions of decline.

The index components were a little more mixed, however. The forecasts for large businesses jumped a point, while those for the overall economy dropped almost as much -- and respondents' forecasts for their own firms were split.

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.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access