U.S. business purchases last year exceeded pre-recession levels, driven mostly by sales of computers, software and network storage products, with total business sales rising to 12 percent in 2010 to $59 billion, reversing a 9 percent decrease in 2009, according to a study by The NPD Group, a consumer research firm based in Port Washington, N.Y.
“Business investments in infrastructure are an encouraging sign for the overall economy,” said NPD vice president of industry analysis Stephen Baker. “Spending on IT products, especially, has traditionally been a way for businesses to invest in future company growth in an efficient and scalable manner. Spending on product segments such as software and network products indicate that small and medium business are putting the technology backbone in place that will enable them to deliver profitable growth as the economy improves.”
According to NPD, hardware spending increased 18 percent to $38 billion, with small and medium businesses contributing much of the growth through investments in new computers and other infrastructure products. By comparison, hardware spending declined 10 percent in 2009.
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