Despite Signs of 'Gradual Recovery,' IT Buyers Expect Steep Spending Declines, Says IDC
Despite stabilization in other market indicators over the past month -- and many countries’ moves into a “gradual recovery phase” from the COVID-19 pandemic -- information technology buyers’ economic confidence levels declined in the last week of May, said IDC…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
Friday. Confidence levels are especially weak in the U.S., where they have continued to trend down since the crisis began, IDC said. U.S. firms are “a little more confident about the overall economy than two weeks ago, but conversely less confident about their own IT budgets for the year as a whole,” said the research firm. Significant spending declines are predicted for traditional technologies including PCs, peripherals, software applications and project-oriented IT services.