Consumer confidence is considered one of the major economic indicators for overall economic health, but business confidence is an important measure, too. Firms with long purchase lead times, like heavy industries, have a window into the economy because their sales are not impulse buys, they are made after careful deliberation.
The IT industry is one of those industries that has a bit of a clue as to what’s to come thanks to increasing customer interest. Datamation reports that IT firms tell CompTIA they feel sales will increase in the second half of 2010 over the first half of the year. Read on to find out why.
Despite whispers of a double dip recession hitting next year, the near-term IT buying outlook looks good, according to a study conducted by the IT industry association CompTIA. Six in ten IT firms surveyed said they expect revenues in the third and fourth quarters to significantly or moderately exceed revenues from the first half of the year.
The CompTIA survey panel expects the Business Confidence Index to increase 5.4 points over the next six months, although the index did slip 1.4 points from May to June of this year.