Channel investment tumbles as economic crisis bites

Business investment in the channel is dropping according to Siemens Financial Services which has forecasted tough times for the second half of the year.

Business investment in the channel is dropping according to Siemens Financial Services which has forecasted tough times for the second half of the year.

The main findings indicate that business investment is predicted to be down for a following six month period with small businesses being among the hardest hit.

But specifically in the channel business investment growth is down by 3.11% down on the same period last year indicating that money is becoming increasingly harder to come by.

The silver lining was in the apparent investment priorities in the next three years with most companies planning to invest in software and hardware.

Peter Austin, general manager, Siemens Financial Services, said that its research added to the mounting concerns that the financial situation was hitting confidence.

"This research supports the growing concerns that the financial markets crisis is causing firms to delay important business investment decisions. It is a classic short-term reaction to a very real financial pressure, but one with a detrimental impact on long-term commercial performance," he said.

Last month SFS warned that problems with borrowing were hitting the channel.

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