According to the E.L. Executive Demand Index, demand for IT executives grew by 26 percent in May compared to April, and is five percent higher than the demand registered in May 2002. The increase is off a small base, but continues the strong run of results the IT executive index has experienced in 2003.
The gains in the IT index outstripped the gain across the executive job market in general, which increased by 17 percent.
"The gains were particularly evident in sectors like information technology that are the most exposed to international economic conditions," said Grant Montgomery, managing director of E.L. Consult. "As the international economy stabilises the demand will return. We are now seeing the beginning of this, with the demand for information technology executives rising strongly in May over the previous month."
In May the public sector was responsible for the increase in IT executive demand, with private sector demand recording a slight fall. This is the opposite of April, where a strong month-on-month rise in demand of 78 percent in the private sector was not quite enough to offset a decline in public sector decline.
The ACT, Queensland and New South Wales were the mainstays of the result.
