The CPA Outlook Index, an equally weighted, nine-component measure of sentiment, remained in positive territory, falling from 73 points to 67 points out of 100, but it was the fourth consecutive quarterly decline in economic outlook.
Inflation worries, a tight labor market and global fallout from the Russo-Ukraine war have dropped business executives’ view of U.S. economic prospects to its lowest level since 2011, according to the second-quarter AICPA Economic Outlook Survey. The survey polls chief executive officers, chief financial officers, controllers and other certified public.