IT executives are slightly more optimistic about business prospects than when the Confidence Meter last appeared in the April issue. While confidence in the overall economy hasn’t caught up yet to the levels of late 2003 and early 2004, levels in our respondents’ own industries and own companies are at or near their highs. With factory orders on the rise for both durable and nondurable goods, according to the Commerce Department (up 4.3 percent for all goods in March, and 1.1 percent in February), it’s not surprising that the noncomputer manufacturing and retail/wholesale distribution industries saw the largest up-tick in our survey: Confidence in these industries’ outlooks rose 0.7 and 1 full point, respectively. We’ll wait to see whether a rise in interest rates by the Federal Reserve Board, should it occur as expected, will lower confidence.
C-Meter: June 2004
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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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