June’s results showed an
overall increase in market confidence from May, coming in at 123.0 (up 1.4%).While specific confidence
in current market conditions continued to slide - as did faith in the
economic environment in six months time - the overall index reflecting sentiment
about conditions in the future increased, up to 126.1 (up 4.4% on
May's results show another fall in overall confidence - a drop in the Digital Pulse of 3.87%. However confidence in future conditions, 6 months from now, has fallen less, by only 2.5%.
From the figures, it could be tempting to conclude that feelings within the digital sector are on the slide but the index of future conditions may point to some light at the end of the tunnel. Although it's dropped, the figure is quite low and may indicate a general slowing of business rather than a race towards the edge of a cliff. Let's hope so!
The method for calculating the Digital Pulse has been adjusted to give a more accurate reflection of the industry's confidence, based on feedback from March's results. Using this new algorithm for both March and April's results, confidence dropped 2.5%, with most of the other indices showing small drops in confidence.
The UK’s digital media industries remain upbeat, with sustained confidence in employment opportunities and optimism about current market conditions, according to a new survey released today, 19th May 2008, by digital media community network Chinwag. (http://www.chinwag.com/digitalpulse/2008/03)
The results of the overall index indicate a positive outlook towards the current market position, with good confidence about the current market state and the wide availability of jobs within the market. Looking over the next six months however, this confidence slips 12.1 points (8.3%).
