Posted by Sheila Shayon on June 29, 2012 01:55 PM
After a strong finish to 2011, global ad spending continued to rise in the first quarter of 2012: up 3.1 percent compared to the same period last year, according to Nielsen.
The ad-tracker's quarterly Global AdView Pulse reports double-digit increases in the Middle East and Africa — the red bar on the chart above — while North America and Asia Pacific saw modest gains of 2.1 and 1.7% respectively.
The overall global ad spend in Q1 2012 was $128 billion USD, up 4.5 percent over the year-ago quarter. Ad spending in the Middle East and Africa increased by 23.3% as advertisers leveraged stabilizing economies and new markets such as Egypt, which saw a 67% increase in Q1 in the wake of last year's Arab Spring.
Europe was the sole region to see a decrease in ad spend, with only 1.4% growth in markets like Greece and Spain, due to the continent's economic crisis, but France, Germany and Switzerland attracted more ad dollars than last year.
One way those marketers who are investing in campaigns can make their efforts stand out? James Russo, Nielsen's VP of Global Consumer Insights, says that in tough times, funny beats frugal.Continue reading...