Corporate Hiring of IT Professionals Increases to 12-Month High Reports Tech-Economy.org.Business Editors/High-Tech Writers PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Nov. 4, 2003 Technology Consumer Confidence Index Consumer Confidence Index A measure of consumer views regarding the current economic situation and consumer expectations for the future. Information for the index is compiled and released on the last Tuesday of each month by the Conference Board, an -TCCI- Shows Strong Gains on All Fronts in October Tech-Economy.org, the leading provider of economic indicators Economic indicators The key statistics of the economy that reveal the direction the economy is heading in; for example, the unemployment rate and the inflation rate. for 21st century business announced today the October results for its Technology Consumer Confidence Index (TCCI TCCI Tasmanian Chamber of Commerce and Industry (Australia) TCCI Tactical Command and Control Interface ). TCCI jumped in October on all fronts. The index now stands at 1.52 overall (up from 1.13 in September). TCCI is at 1.73 for corporate consumers (up from 1.46); and at -0.18 for home consumers (up from -0.25 in September). The level of consumer confidence with regards to technology has steadily increased over the past 6 months according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. TCCI. The index has hit a new level of high, which has not been seen since January of this year. Although general consumer confidence (as reported by Conference Board Consumer Confidence Index) and Technology Consumer Confidence for the Home Sector show very similar trends, the Corporate Sector of Technology Consumer Confidence keys in on a substantial amount of technology spending in our nation which is not captured by a general consumer confidence. The biggest gains in Technology Consumer Confidence come from the Corporate Sector, with an increase of almost 30 points for the month. Due largely to the increase in Corporate Planned IT Hiring which has hit a 12-month high. This continues to add to the favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. job market over the next month moving into the holiday season. October was a month of ups-and-downs on Wall Street but the overall trend still points to a rebounding economy. Most analysts agree the recovery is definitely underway but it's happening in fits-and starts. In the Home Sector of TCCI, we still see an overall negative confidence level, but it has increased from last month, showing a continuous positive trend since April of this year. There was a 5% increase in hardware/software spending plans this month: 50% of our respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. indicated plans to purchase hardware or software in the month of October, which is up 20% over the past 6 months. TCCI is a critical new measure for technology consumer confidence indicating spending plans for both corporate and home consumers. Each month Tech-Economy.org conducts a survey of IT professionals on their technology purchase plans for the next month. This includes both company (TCCI-Corporate) and personal (TCCI-Home) purchases. |
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