IT Spending Looking Up

After more than a year of confidence decline, the first tentative signs of IT growth are appearing. According to the latest CDW IT Monitor, an increasing number of IT decision makers from small and medium-size business sectors anticipate investment in the next six months.

According to the latest survey, 29 percent of small business IT decision makers expect budget increases in the next six months, an increase of seven percentage points from February. Additionally, 18 percent of medium-size business IT decision makers anticipate hiring in the next six months, an increase of six percentage points since February.

Despite these emerging signs of spring, confidence among IT decision makers on the whole remains relatively low with an overall IT Monitor score of 69. However, for the first time in eight months, this reading remained flat with the previous IT Monitor, indicating that sentiment may have stabilized.

Additional findings from the April CDW IT Monitor:

Expect better performance in reaching corporate goals in the next six months:

Small Businesses
(1-99 Employees)
Feb 09 -- 47%
April 09 -- 48%

Medium-Size Businesses
(100-999 Employees)
Feb 09 -- 47%
April 09 -- 53%

Large Businesses
(1000+ Employees)
Feb 09 -- 43%
April 09 -- 50%

More information on the IT industry can be found at www.supportindustry.com