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Finance decision-makers less confident in third quarter

by Neil Amato | Sep 10, 2015   ()
Finance decision-makers at businesses remain confident overall in their own organizations and in the domestic economy, but overall economic sentiment dropped for the third quarter in a row, according to a new survey.

The decline, though small, represents a different mood than a year ago, when the outlook was improving for their companies. The third-quarter Business & Industry Economic Outlook Survey, released Thursday by the AICPA, shows overall business expansion plans, as well as revenue and profit projections, down from the third quarter of 2014.

Survey results help to form the CPA Outlook Index (CPAOI), a measure of nine equally weighted components. The CPAOI is 71, four points lower than a year ago and seven points off the post-recession high reached in the fourth quarter of 2014. An index rating above 50 indicates a positive.

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Source: Journal of Accountancy

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