C-Meter: February 2004

After a six-month rise, IT executives’ confidence in the economic outlook appears to have peaked, at least temporarily. After rising rather steadily for half a year, confidence in the overall economy dropped a tenth of a point to 6.8, and in our respondents’ own company by two tenths of a point (also to 6.8). The drop was even more drastic in the financial-services sector, which dropped to 6.9, down from 7.8 in our January survey. One possible explanation: the announcement by the U.S. Department of Labor that while the unemployment rate fell two-tenths of a point in December, to 5.7 percent, the U.S. economy only created 1,000 new jobs during the month, not between 100,000 and 150,000 as had been expected.

CIO Insight Staff
CIO Insight Staff
CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need network monitoring technology and solutions to maintain regulatory compliance for their teams and organizations.

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