IT Managers Are Decidedly Unenthusiastic About Economy - InformationWeek
Business & Finance
04:15 PM

IT Managers Are Decidedly Unenthusiastic About Economy

InformationWeek IT Confidence Index barely budges; little change in outlook from a year ago

Business technologists are tentative about prospects for the economy in the coming months, according to the latest InformationWeek IT Confidence Index. The metric, which assesses attitudes of 300 business technology managers, barely budged in the third quarter, up only 0.8% from the quarter before and lingering at about the same level as a year ago.

IT Confidence Index graphInfluencing survey respondents is an economy that shows little promise of significant growth anytime soon. Though unemployment remains stable, job growth is anemic. The latest quarterly increase in gross domestic product rose at a pace below the 2005 rate. And the past quarter's growth in business productivity is down from earlier this year. Combine that with the uncertainties raised by elections three weeks away and troubles in the Mideast and North Korea, and you can see why IT managers have little enthusiasm for near-term prospects.

Nearly half of the respondents say their companies' total IT spending for the coming quarter will be flat, one-third foresee an increase, and nearly one in five predict a decrease. But flat IT spending isn't necessarily bad--it could mean smart spending.

The poll suggests many companies are getting more bang for their IT buck. Two-thirds of respondents say they're positive about their companies' IT budgets and spending plans. That's up from 46% a year ago, the only response for the dozen questions asked in which this past quarter's reply significantly differed.

IT shops should be as busy in the fourth quarter; 53% of respondents are positive about IT project starts and initiatives over the next three months, the same percentage as last year.

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of Data and Analytics
Today's companies are differentiating themselves using data analytics, but the journey requires adjustments to people, processes, technology, and culture. 
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on for the week of November 6, 2016. We'll be talking with the editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll