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Nonresidential Construction Spending Inches Up in May
2013-07-03 17:37:00| Electrical Construction & Maintenance
Showing yet another sign of slow economic recovery, the nation's nonresidential construction spending inched up 0.1% in May, according to a July 2 report by the U.S. Commerce Department. read more
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Gartner downgrades 2013 global IT spending forecast on currency shifts
2013-07-02 20:33:13| InfoWorld: Top News
Gartner has lowered its expectations for growth this year in global IT spending, saying it will rise 2 percent to $3.7 trillion. Earlier this year, the analyst firm predicted 2013 growth of 4.1 percent. The reduction "mainly reflects the impact of recent fluctuations in U.S. dollar exchange rates," Gartner said Tuesday.
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IT spending to rise just 2 percent this year, says Gartner
2013-07-02 16:28:35| CNET News.com
The new forecast is down from the prior projection of 4.1 percent, due largely to changes in U.S. dollar exchange rates. [Read more]
Gartner cuts worldwide IT spending forecast
2013-07-02 12:14:00| Telecompaper Headlines
(Telecompaper) Worldwide IT spending is projected to total USD 3.7 trillion this year, a 2 percent increase from 2012 spending of USD 3.6 trillion, according to a study by Gartner. Last quarter, the researcher's forecast for IT spending growth in US dollars was 4.1 percent. The 2.1 percentage point reduction mainly reflects the impact of recent fluctuations in US dollar exchange rates; growth in constant currency is forecast at 3.5 percent for this year, down only slightly from last quarter. The forecast for spending on devices has been revised down from 7.9 percent growth in Gartner's previous forecast to 2.8 percent. The decline in PC sales recorded in the first quarter continued into the second quarter with little recovery expected during the second half of this year.
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Nonresidential Construction Spending Inches Up 0.1 Percent in May
2013-07-01 06:00:00| Industrial Newsroom - All News for Today
According to July 2 report by U.S. Commerce Department, total construction spending, which includes nonresidential and residential spending, was up 0.5% for month and 5.4% from May 2012. ABC Chief Economist Anirban Basu noted that “The economy has now entered its fifth year of economic recovery and many economic forecasters expect an acceleration of growth later this year and in 2014." Basu also noted the hindering effects of ongoing sequestration. This story is related to the following:Trade Associations
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