The accounting profession’s expectations for economic growth remained positive this month, according to the August edition of Accounting Today’s monthly Accountants Confidence Index.
After rising slightly for June, and then slightly again for July, the 3-Month and the 6-Month ACI rose again for August, with both showing results above the dividing line between growth and contraction.
The 3-Month ACI came in at 50.96, up from 50.41 – almost a point above the 50 mark that indicates the dividing line between expectations of growth and expectations of contraction. The 6-Month ACI, meanwhile, hit 53.25, up from last month's 52.57.
Most of the index's components rose slightly, but with no significant jumps.
More details are available in this month’s online report -- which now includes new interactive features.
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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