Haverford, Pa. (Sept. 10, 2003) -- Businesses' plans for information technology spending are increasing in the construction and manufacturing sectors, but continue to be weak in key service industries, according to suburban Philadelphia global consulting firms, Wendover Corp. and Global Insight Inc.
During August, some manufacturing and construction companies indicated plans to reverse previous IT spending cuts, and the manufacturing sector overall reported a 16 percent gain in planned spending, according to the "Wendover-Global Insight IT Spending Index," a survey of the intentions to invest in new IT projects at 80,000 large corporations in the United States and England.
However, the survey also found continued weak IT spending among services industries "suggesting that very little pull to overall spending is likely in the coming months."
While significant spending plan declines are the rule in healthcare, consulting, engineering and accounting services, spending plans have "continued to stagnate," in finance, real estate, and insurance, according to the index.
-- WebCPA staff
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