CompTIA: Tech Sector Optimistic About Economic Rebound

Things are looking up.

That’s the conclusion of a new Business Confidence Index survey released by the Computing Technology Industry Association (CompTIA). More than 200 IT organizations in the United States polled between May and August say they’re optimistic about the economic state of the tech industry and the country’s financial position overall. Respondents included VARs, hardware and software firms, and solutions providers.

However, on a 0-100-point scale, respondents said they are more confident in the state of the tech industry – at 56.2 points – than they are in the entire U.S. economy – 41.3 points. Specifically, 53 percent of IT companies responding said they expect to keep staff levels constant over the next six months, while another 29 percent predict they’ll boost hiring. Further, 48 percent of those firms expect to increase R&D investment, while one-third plan to increase spending on technology.

“The data suggest that companies have begun to reset expectations with an eye towards an improved economic landscape,” Tim Herbert, CompTIA vice president of market research, said in a prepared statement.

Still, the survey showed IT companies still are concerned about the possibility of weak demand by certain consumer and business segments.

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