U.S. Finance Execs Hold on to Positivity

U.S. business leaders remained significantly more confident in the domestic economy than the global economy, but the gap narrowed slightly in the second-quarter Business & Industry Economic Outlook Survey released Thursday by the Association of International Certified Professional Accountants. The survey’s CPA Outlook Index (CPAOI) dipped one point to 75 out of 100, reflecting slight easing in expansion, revenue, and profit expectations. The index peaked at 81 in the first quarter of 2018. The most recent survey, conducted in May, included 785 responses from CPA decision-makers such as CFOs, CEOs, and controllers. Fifty-seven percent of respondents were optimistic about the U.S. economy, consistent with the first quarter. Their views were boosted in part by lower taxes and less regulatory burden. Click to read more at www.journalofaccountancy.com.