IT Management Slideshow: Tech Companies Losing Confidence in the EconomyBy Dennis McCafferty | Posted 07-27-2012
The overall IT Industry Business Confidence Index is 54.5, down from 56.7 last quarter.
Tightening the Belt
Only 29% of IT companies are increasing spending for marketing and advertising.
Just 32% of IT organizations are boosting staff levels.
Only 34% of IT businesses are increasing their investment in tech.
Hold the Line
Just 40% are increasing investments in new products or business lines.
No Cash for Capital
Only 16% are boosting non-tech related capital expenditures.
Biggest Threats to Business in the Next Six Months
(as cited by survey participants)â¢ Stalled economic recovery (55%)â¢ General lack of confidence (37%)â¢ Squeezed by decreasing margins (35%)â¢ Weak consumer demand (35%)â¢ Weak corporate demand (33%)