IT investment rising


IT investment rising

UK business spend on IT is on the up, according to the Office of National Statistics (ONS).

In the first six months of 2005, private-sector companies splurged £2.3bn on software and £3.4bn on hardware. That represents 18% and 1.8% increases respectively compared to the same period last year.

Meanwhile, a Forrester Research study reports that the economy and IT spending remains "bullish" in the US.

The analyst's quarterly poll monitors the business confidence of 151 US CIOs whose confidence in IT spending and expectations was high in the second quarter. However, Forrester warns that Hurricane Katrina could impact expectations for the rest of the year.

Some 86% reported a strong or very strong business climate in the third quarter - up 16% from the previous quarter. A healthy majority of CIOs (86%) believed the business climate would carry on improving throughout 2006.

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