27. January 2009 15:35
Most companies feel their business has been negatively affected by the economic downturn. According to Compass Intelligence research, nearly two-thirds of respondents felt their business had been negatively impacted by the economy. When looking at how decision makers perceive the economy, across business verticals, several trends appear. Respondents in the government and health care sector tended to have lower response rates to negative statements about the economy while those in retail had higher response rates.
Three quarters of respondents in the retail sector indicate a negative economic impact. In comparison, less than half of those in health care feel their business has been negatively affected. Job security appears to be more of a concern for those in the manufacturing sector, with 44% of those decision makers concerned about their job, while it is less of a concern in the government and health care fields.
Retail has been the hardest hit vertical as a result of the economic downturn.
Three quarters of respondents in the retail sector felt their business has been negatively affected by the economy. Just 34% of those in government believe their business has been adversely affected.
Retail has the lowest expectation (22.9%) of an IT spending increase in 2009 while government has the highest expectation (36.0%).
To purchase the full report on this latest survey data: http://is.gd/hrRH
Written and Prepared By Amy Cravens, Contributing Analyst
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