Saturday, November 01, 2003
Investment in Technology Is Roaring Softly Back
Investment in Technology Is Roaring Softly Back: "Business investment in technology is finally picking up across much of the American economy. Consumer spending, lifted by tax cuts and a home mortgage refinancing boom, was the primary reason the economy grew at its fastest rate since 1984 during the three months ended in September. Yet business spending on information technology - computer hardware, software and services - increased at an annual rate of more than 15 percent. This, in fact, was the second consecutive quarter of encouraging growth for information technology investment, which also rose more than 15 percent in the three months ended in June."