The Accountants Confidence Index took a dip in the run-up to the election, but the decline masked some significant upward spikes in certain components.
In the heat of August, the Accountants Confidence Index continued to melt, with the short-term index indicating expectations of contraction in the economy.
The Accountants Confidence Index dropped a very little bit from last month, but remained divided, expecting contraction in the short term and growth in the mid-term.
After retrenchment in the last two months, the short-term and mid-term ACIs shot up by more than two points each, both driven by extremely strong rises in our panelists' predictions for growth at their large-business clients.