C-Meter: November 2003

By CIOinsight

This month's Confidence Meter poll reached a milestone: IT executives are more optimistic about their own companies' economic situation than at any time since we initiated our survey in May 2001. Respondents rated their prospects a 6.9 on a 1-to-10 scale; financial industry executives were particularly bullish, at 7.5. Our respondents also rated both the overall economy and their own industries a 6.3, the highest rating since June and May 2002, respectively. This took place against a backdrop of mostly positive economic news: While the unemployment rate remained at 6.1 percent, the Federal Reserve reported that the pace of economic expansion was quickening and consumer spending was increasing.

This article was originally published on 11-01-2003