Confidence Index

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.

In April, the Accountants Confidence Index gave back the gains it made in March, dropping two points to almost exactly the same level as in February. Both the short-term and mid-term ACIs were affected, though it's worth noting that both remain over the 50-mark that separates expectations of growth from expectations of contraction.