New orders for computers and related products were up 2.1% in February, according to the Commerce Department, and 19.6% over the past 12 months.
Further signs that the IT industry is on the rebound can be found in the durable-goods report issued by the Commerce Department on Wednesday. New orders for computers and related products rose a seasonally adjusted 2.1% in February. In the past year, new orders for IT products rose 19.6%. By comparison, new orders for all durable goods increased 2.5% in February but only 8.0% for the previous 12 months.
Orders for communications equipment continued to climb in February, increasing 5.5%. In January, new communications-equipment orders soared 65.1%. Economists say as the economy grows and businesses expand, they need new telephones and communications equipment to equip new offices and factories.
Another sign that the IT industry is experiencing a rebound: Inventories for computers and related products decreased 0.8% in February and 5.8% since the previous February. As inventories become depleted, manufacturers often increase production--an encouraging economic signal.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.