AICPA Survey Says Executives More Optimistic About Economy

Business executives are raising their expectations for hiring in the coming year, says the AICPA’s quarterly Economic Outlook Survey.

About 15% of respondents now say they are planning to hire in the next 12 months, up from 12% last quarter and 9% a year ago, MarketWatch reported. Another 19 percent say they have too few employees but are reluctant to hire.

“We’ve seen expectations on hiring and business expansion gain steadily throughout the year,” said Arleen R. Thomas, AICPA senior vice president of management accounting and global markets. “Our latest survey results support that but also show some renewed concern about prospects for the U.S. economy.”

The survey polls CEOs, CFOs, controllers, CPAs and other executives in accounting positions. The CPA Outlook Index within the survey is a comprehensive gauge of executive sentiment. Each component of the index is higher now than a year ago. U.S. economic optimism is up 21 points year-over-year, despite the fact that this quarter, U.S. economic optimism fell four points, in part due to concerns about health-care reform and political gridlock.