Bellwether reveals ad budgets rise for third quarter in a row
By Katherine Levy, campaignlive.co.uk, Thursday, 19 April 2012 12:00AM
Annual marketing spend for the financial year has risen for the first time since 2008/09 and marketing budgets have been revised up for a third-successive quarter, according to the latest IPA Bellwether Report.
This increase was marginal, however, with 22 per cent of companies reporting an upward revision of budgets during the first quarter of 2012, compared with 21 per cent that reported a reduction.
Analysis of marketing budgets by medium for Q1
Media spend trends continued with traditional media budgets cut by 2.7 per cent, while internet adspend grew by 7.8 per cent.
Revisions to total marketing budgets
Client confidence in their own company prospects jumped dramatically to the highest levels in two years, with around 38 per cent of marketers more upbeat than they were three months earlier.
Marketing executives business confidence
Despite the rise in confidence, companies remain cautious, planning to increase their budgets by 7 per cent for the new accounting year, the lowest predicted rise in three years.
Nicola Mendelsohn, the IPA president, said: "There is no doubt that key events such as the London 2012 Games and the Queen’s Diamond Jubilee will do much to ensure that marketing spend continues to rise."
This article was first published on campaignlive.co.uk
- Artworker Fashion & Retail Personnel Consultancy £23000 - £25000 per annum + Outstanding Benefits!, London
- Marketing & Research Manager - $1.8b Global Publisher Recruitment Revolution Excellent Salary + Bonus Potential + Full Corporate Benefits Package, Chichester
- CRM Manager - Iconic London Brand Tarsh Lazare Marketing Recruitment £40K-£60K + Benefits Package, Central London
- Senior Marketing & New Business Manager Dynamic New Alliances £32000.00 - £45000.00 per annum + Benefits, City of London
- Visual Merchandising Manager (Retail, Fashion, Creative, VM) Creative Recruitment £35000 - £40000 per annum + Negotiable, Hertfordshire