Hoosier CPAs Paint Positive Picture of the Economy

Indiana CPAs are optimistic about the potential for economic growth in the next six to 12 months, according to a recent poll conducted by the Indiana CPA Society.

The poll asked nearly 100 Indiana CPAs who serve in roles of either MP in CPA firms of all sizes or CFO in public or private companies were asked about prospects for economic growth. Specific segments surveyed included these five economies: the U.S. economy, Indiana’s economy, their local economy (city or county), their industry and their firm or company.

A majority of respondents were either “very optimistic” or “moderately optimistic” about economic growth in all five segments. The most optimism was indicated for their own firm or company with 69%. Indiana’s economy also received a high degree of optimism with 60%. The CPA’s local economy came in at 52% optimistic, while the U.S. economy and the industry that the CPA’s firm or company serves were both at 51%.

Perhaps even more telling was that the level of pessimism (a combination of “moderately pessimistic” and “very pessimistic”) was relatively low in all segments. The CPA’s firm or company was just 15%, Indiana’s economy 18%, the CPA’s industry 20%, the U.S. economy 21%, and the CPA’s local economy 22%.

The industries of the survey respondents covers a cross section of Indiana’s businesses. In addition to public accounting firms, the list included industries such as automotive, banking, construction, distribution, health care, insurance, landscape services, legal, manufacturing, not for profit, printing, public education, real estate, restaurant, technology and transportation.