Our Accountants Confidence Index dropped fairly steeply this month, with two main possible culprits: First, our panelists may not have been pleased with the results of the election -- the accounting profession's political action committees had, overall, supported Gov. Romney's presidential bid -- but given that they seemed optimistic in the previous month, it seems likely that the devastation caused by Hurricane Sandy, which was still being assessed as we polled our Executive Research Council, plays a bigger role in the decline in the December ACI.
Our Accountants Confidence Index is balancing on either side of contraction, predicting a shrinking economy in the short term, and very, very, very modest growth in the mid-term -- though they seemed a little bit more optimistic in the run-up to the election.
Our Accountants Confidence Index continues to straddle contraction, predicting a shrinking economy in the short term, and very, very, very modest growth in the mid-term.
Our Accountants Confidence Index indicated a contraction in the coming three months -- but saw a light at the end of the tunnel, or at least six months from now.
For the second month in a row, our Accountants Confidence Index indicated a contraction in the coming three months -- and for the first time, it indicated a contraction over the next six, as well.
The July installment of our Accountants Confidence Index marked a major milestone -- if a negative one -- when, for the first time since we started publishing it, our short-term ACI reading indicated that our panel of accountants expect a contraction over the next three months.
The June installment of our Accountants Confidence Index broke with the trend of the previous two months, with a dip that indicated wavering confidence in the profession for both the short- and the mid-term.
The latest installment of our Accountants Confidence Index, the second of the new year, continued 2012's unfortunate declining trend. The ACI, created 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.
