The Sage Research Inc. July 2004 index of service provider confidence in current conditions continued its downward slide, falling three points back into “negative” territory (below 50) for the first time since January 2004.
Declines in the overall industry conditions and investor confidence subindices primarily were responsible for the overall drop.
The Service Provider Confidence Index is a tracking study with data collected bi-monthly about both current conditions and expectations regarding spending on capital equipment, spending on product and service development, revenue, employment, investor confidence and overall. The overall “expectations” index fell sharply in July, from its high of 77 in May to 65 currently. The 12-point decline is the single biggest bi-monthly decline since the index began in January 2002. The expectations index is still in high territory (above 50), but it is now lower than it was in July 2003.
Declines in the subindices of investor confidence, industry conditions, service development and employment contributed most to the overall drop in this index. For more details about the methodology, visit Sage Research at www.sageresearch.com.
|Sage Research Inc. www.sageresearch.com|
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October 16 2019 @ 18:12:06 UTC