Source: Media Post
by Joe Mandese
The optimism of ad executives to boost their advertising budgets has risen to its highest point in two years, and is now at pre-recessionary levels, according to the most recent in a series of periodic surveys gauging the long-term confidence of advertisers and agency media-buying executives. The study, which is based on an index of executives who plan to boost their ad spending over the next 12-months vs. those who plan to decrease it, currently stands at a positive difference of four percentage points, the highest level since the fall of 2007, when the index stood at positive eight percentage points.
“We’re ecstatic,” says Ken Pearl, a partner of Advertiser Perceptions Inc., a media industry research firm that tracks the perceptions ad executives have about media.
“Things are definitely showing signs of improvement,” he continues, adding that when looked at the basis of advertisers and agency executives responsible for budgets in specific bellwether categories such as financial services, entertainment and pharmaceuticals, the overall trend has definitely grown more positive than it is negative.
The most recent survey, which was fielded this month, shows that ad spending sentiment is now improving for every medium tracked, even for some traditional media such as newspapers, magazines and broadcast, which continue to have an overall negative index.
