Altruistica

"Altruistica": Seeking a return to full financial disclosure and regulatory oversight. A financial market analysis blog for "entertainment purposes" only by an experienced CFA seeking new hedge fund engagements for investment writing and analysis. The author has experience investing internationally, running a hedge fund, making angel investments, and helping launch five startup companies. Investors should do their own due diligence.

20 December 2006

Follow-up : Capex to take 'breather' in '07, says Gartner


EE Times reports with a new and bearish forecast in hand, Gartner predicted that capital equipment spending will take a ''breather'' in 2007. Overall capital spending is projected to hit $56.1 bln in 2006, up 18.8% over 2005, according to Gartner. Capital spending is projected to grow only 1% to $56.6 bln in 2007, but it will rebound and grow by 16.1% to $65.7 bln in 2008, according to the research firm. Capital spending will see a decline of 8.3% ($60.2 bln) in 2009, a deficit of 2.6% ($58.7 bln) in 2010 and growth of 16.4% ($68.3 bln) in 2011, according to the firm. Worldwide capital equipment spending is projected to grow 24.9% ($42.4 bln) in 2006, but the industry will soften in 2007 as spending declines 0.7% ($42.1 bln), according to Gartner. The industry will see 20.8% growth in 2008, followed by minus 12.8% in 2009, plus 2.7% in 2010, and positive 16.3% in 2011, according to the firm.

Of course, this forecast does not incorporate any recession in 2007 and assumes a pickup in GDP growth in 2008. May be a bit optimistic on that front...

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