Investment Spending

From the Financial Times:

Global spending on IT goods and services is expected to grow … 6 per cent … according to Forrester Research … This represents a significant slowdown from 12 per cent growth last year.
…
“Our forecast is premised on a mild recession in the US economy in the first two or three quarters of 2008, caused by a shrinking housing sector and tapped-out consumers reining in their purchases due to higher interest rates, energy costs and consumer debt services. Anecdotally, we are hearing that this is beginning to filter through to chief information officers, and it is clear the level of caution is rising.” [Andrew Bartels, author of the Forrester report said]

Let us see how many legs this stool has.

Residential investment is not only not growing, but in free fall.

Non residential or commercial construction? Struggling.

Now technology may be slowing?

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Tags: Data Bank, Economics, Housing Market, investment, residential investment, technology, technology investment

This entry was posted on February 10, 2008 at 10:56 pm and is filed under Around the Web, Data Bank, The View From the Bluff. You can follow any responses to this entry through the RSS 2.0 feed.