For the first time in two years, the two largest categories of tech investment have shown an increase.
Investment in both computer equipment and software are on the rise, according to a report released by the US government.
Businesses spent $556.2bn on information processing equipment and software during April to June, a 4.6 per cent increase since the last three months of 2001.
Software and equipment sales should top out with a modest 2.9 per cent gain for the same period, according to a report by the US Department of Commerce's Bureau of Economic Analysis.
For computer and peripherals, sales began to increase during last year's third quarter. They hit a record of $270.1bn during this year's second quarter, while software sales in the second quarter rose to $183.6bn, its highest level in a year.
The report emphasised it was the first time since 2000 that IT spending was not one of the biggest losers in gross domestic product (GDP) figures.
In a separate report, market research firm IDC found that compared to 2001, overall IT spending in 2002 will increase 3.7 per cent to $981bn, while 2003 spending will grow nine per cent to exceed $1 trillion for the first time.IDC predicted that growth will be most clear in the last three months of this year, whereas last year fourth-quarter spending was curtailed after the 11 September attacks.
Western Europe IT spending should increase four per cent in 2002 and six per cent the following year, while faster growth will take place in China, India, Korea, Russia and the Philippines, IDC said.
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