“Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 0.1 percent in the first quarter (that is, from the fourth quarter of 2013 to the first quarter of 2014), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.6 percent.” source: www.bea.gov
For FCI and GLG clients, schedule your consult to review how this specifically impacts current and expected tech spending in the enterprise space.
The IT spending forecasts we provide are up to three months ahead of actuals and up to four months ahead of realized market changes. Q3 2011 will see slight shrinkage in IT spending for the large enterprise space. Preliminary Q4 2011 numbers show the pipeline will deliver somewhere in the mid single digest for Qrt over Qrt growth. Our final forecast numbers and actuals will be available by October Fifth, 2011. The financial vertical is finally stable again however will most likely NOT make up for the delta in Q4. Health care, health care insurance and bio/pharm continues to give us consistent growth.
From the SI perspective we can review the strengths, challenges, competitor comparisons, client demand and future outlook. Through GLG we can provide estimated vendor performance as seen through our present and expected technology reviews.
In addition we can share how present economic conditions have effected to the positive or negative spending trends for specific technologies as well as a macro review of spending trends.