German IT spending forecast to rise on eve of industry’s biggest trade show
IT spending is forecast to rise faster than previously expected in Germany, a bellwether for European industry, while IT sector jobs there will total almost one million by year-end. However, forthcoming legislation could have a chilling effect, industry association Bitkom warned.The news will put a smile on the faces of exhibitors and visitors at the giant Cebit trade show in Hanover, Germany, which opens Monday.Last year, 26,000 new jobs were created in the German IT industry, more than the 10,000 expected, Bitkom said. It expects 21,000 more will find employment in the industry by year end, taking the total to 990,000.The faster-than-expected rise in employment last year has prompted the association to raise its forecast for German IT spending on IT, telecommunications and consumer electronics this year to €155.5 billion (US$163 billion), up 1.5 percent year on year compared to an earlier growth forecast of 0.6 percent.To read this article in full or to leave a comment, please click here