Controllers turn bullish for late 1992.

A poll of 3,500 members of the Institute of Management Accountants' controllers council taken at the end of the second quarter found 71% expected an economic upturn by the end of December 1992. In the first quarter, only 32% of the controllers had said they expected a recovery in 1992.

Despite the more optimistic tone, controllers remain cautious. Of the 71% anticipating a recovery, 96% believe it will be minor. When asked how the economy had performed in the second quarter, 50% of those polled said a recovery was occurring, 41% saw no change and 9% thought a further decline was taking place.