A report issued Wednesday by CompTIA indicates senior IT professionals’ confidence is dwindling in the third quarter. The report’s results come from a survey conducted earlier this month that interviewed 257 tech executives around the U.S.
The third-quarter IT business confidence index dropped to 61.7 points, a 1.4-point decrease on a 100 point scale. This decrease follows a 0.9-point fall during Q2. The fall in business confidence is linked to the professionals’ beliefs that clients tend to spend less during the summer months.
Forty-five percent of the survey respondents cited “price sensitive customers hesitant to spend” as one of the top barriers to growth.
“A summertime slowdown is common, because many smaller business clients take their foot off the gas in the summer,” Amy Kardel, chair of CompTIA’s board of directors, explained.
The business confidence index has consistently declined in the third quarter of each of CompTIA’s surveys since 2009, and the index bounces back at the end of the year. For this reason, it’s highly possible executive attitudes will change once slow summer spending reaches its end.
To read the entire report, visit here.