Tech Sector Optimistic For Coming Year

While the UK tech sector slowed in the second quarter of 2015 due to the General Election and uncertainties over the Euro, confidence for the year ahead is high according to the latest KPMG/Markit Tech Monitor UK survey.

The upbeat mood should mean that suppliers are eager to be positive and innovative in their approach to doing business. Most technology companies are upbeat about their prospects with 57% expecting an increase in business activity and 49% anticipating a rise in staff over the next 12 months. Around 33% of the survey panel expect a rise in capital expenditure over the next 12 months and 73% forecast an upturn in profits.