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.