Tech industry recovery under way, says Forrester

NEW YORK – A new report on information technology provided further evidence that an industry recovery is under way, with U.S. spending now expected to grow faster than previously believed.

Forrester Research now expects information-technology spending in the U.S. to grow by 8.4 percent this year, to $550 billion. That is up from its January forecast, of a 6.6 percent increase compared with 2009.

The better outlook is helped by higher spending on communications equipment than Forrester previously expected, accompanying the ongoing rebound in computer and software purchases.

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