IT Spending For Q1 2005

Feature

IT Spending For Q1 2005

First-quarter 2005 data on investment in information technology goods and services by companies and governments was mixed, but the net result reinforces our forecast of 7% growth in US IT spending in 2005. Investment was strongest in computer equipment, fairly solid for software, and soft in communications equipment. Purchases of IT consulting and outsourcing services showed almost no growth in the first quarter. Outside the US, vendor data indicates an upturn in European IT spending in Q1 2005 but a stalling of growth in Asia Pacific due to a downturn in Japan.

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This was first published in January 2006

 

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