Survey: Tech firms still cautious about spending, hiring

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A new survey of more than 300 information technology companies found executives are more confident about their firms' prospects but less optimistic about the state of the economy as a whole, causing them to delay hiring and spending decisions.

The latest IT industry business confidence index from the industry group CompTIA shows a slight increase of 0.2 percentage points from June to 52.8 on a 100 point scale. The index measures executives' opinion on the overall U.S. economy, the IT industry in general and their firms' fortunes. The survey shows the outlook for the U.S. economy dropped 2.3 points in September as executives expressed fear about a stalled recovery or a backslide into recession.


Survey: Tech firms still cautious about spending, hiring