UK Marketers react to recession by switching A&P spend online
28.10.2008
POSTED IN Advertising, Blog | NO COMMENTS
Internet ad spending in the UK grew to £1,682.5 million in the first half of 2008, a 21% year-over-year increase, this puts UK marketers now placing 19% of their A&P budget online.
According to the latest figures from the Internet Advertising Bureau (IAB-UK) in partnership with PricewaterhouseCoopers (PwC) and the World Advertising Research Center (WARC).
In contrast – total advertising market was £8982.5 million, down 0.7% year-over-year, during the period from January to June 2008. Without the increase in spend online – the market would have seen a 4.6% decline growth.
The study suggests strong advertiser confidence in online media – including search, classifieds, rich media and video – at a time when TV, print, outdoor and radio, are experiencing declines.
When, I wonder, will marketers here in Asia wake up to this and follow the trend. The figures for Asian marketers are very much lower - any suggestions as to why?
