UK adspend to reach £13.9bn in 2013, topping 2007 peak

UK adspend is now predicted to increase by seven per cent in 2013 and top its pre-recession peak in 2007, according to WPP's Group M, which has doubled its growth forecast.

UK adspend: Group M forecasts seven per cent increase for 2013
UK adspend: Group M forecasts seven per cent increase for 2013

The report from Group M, 'This Year, Next Year UK', forecasts that the UK ad market will be worth £13.9 billion in 2013, up seven per cent year on year and ahead of the previous peak of £13.1 billion in 2007, before the financial crisis.

The Group M figures, which also predict UK adspend will increase by six per cent year on year in 2014, suggest the UK is "comfortably leading the world's larger mature economies".

Adam Smith, futures director at Group M, said: "This ad recovery is spectacular, but not a phenomenon. UK annual GDP is likely to have risen nine per cent in cash terms since 2008, and annual advertising the same.

"The question is whether advertisers sustain their optimism that UK households are feeling richer, and might actually get richer, between now and the election expected in spring 2015."

Group M expects TV advertising to grow by 6.8 per cent year on year in 2013, outdoor to stay stable (up 0.1 per cent) and online (or interaction) spend to increase by 17.2 per cent.

Within online, paid search is predicted to soar by 20 per cent, online display to climb by 17.8 per cent, online classified to increase by 6.6 per cent and "other" online to rise by 11.1 per cent.

Other sectors are greeted by less positive news, with newspaper ad spend declining by 6.9 per cent, magazines by 8.2 per cent and cinema by 4.9 per cent.

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Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).