Citi CIO survey says US budget growth expectations moderating while EMEA improved from the previous survey; IT budgets growth expectations slow to 2.6% in next 12 months from +3.3% in December survey

The Citi CIO survey indicates a notable shift in budget growth expectations, particularly with US IT budgets slowing down compared to previous forecasts.

Newsquawk StaffPublished 9 Apr 2026, 14:56 UTCOn the live feed at 14:36 UTC — 4 more headlines followed before this page went public

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14:46

Lebanon's President says the solution is truce, then direct negotiations with Israel

14:38

Israeli airstrike on the town of Kafr Kamma in the Bint Jbeil District, southern Lebanon, Al Jazeera reports

14:36

Citi CIO survey says US budget growth expectations moderating while EMEA improved from the previous survey; IT budgets growth expectations slow to 2.6% in next 12 months from +3.3% in December survey

14:35

Greenland's PM says Trump’s desire to take over or control Greenland has not been taken off the table; declines to say what specifically is being discussed at negotiations

14:32

UK DMO to sell GBP 900mln I/L Gilt on April 16th

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Sector not immune to a worsening of macro; 68% of European CIOs say macro conditions have deteriorated

Context

This moderation in expectations, coupled with the reported deterioration in macro conditions among European CIOs, suggests potential headwinds for growth in the IT services sector, highlighting a cautious outlook that may affect equities related to these firms.

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