Marketing spend leaps - but PR loses out

The IPA's latest quarterly Bellwether Report shows that PR has not shared in a surge in companies increasing their marketing budgets.

IPA director general Paul Bainsfair: "a welcome boost"
IPA director general Paul Bainsfair: "a welcome boost"

PR budgets received a minus 1.7 per cent reading in the survey, which measures the balance of companies revising spend upwards against those revising spend downwards in the July to September period.

Overall marketing budgets were revised upwards by a net 12.3 per cent of companies, which was the strongest rate in 13 years and the fourth consecutive quarter above zero.

The internet continued to enjoy the greatest boost of any marketing channel (up 11.7 per cent) but main media advertising staged a comeback with its strongest reading in three years (up 3.4 per cent).

IPA director-general Paul Bainsfair said the report provided "a welcome boost to our industry" while Chris Williamson, chief economist at Markit and the author of the report, said it added to the flow of upbeat data on the economy.

"Marketing spend looks set to rise sharply as companies boost their budgets to an extent not seen in the 13-year history of the survey," he added.

Other sectors joining PR in the doldrums in Bellwether Q3 include direct marketing (down 3.4 per cent), market research (down 3 per cent) and events (down 1.1 per cent).

PR had put in a stronger performance in Bellwether reports in the first half of the year. In the second quarter it had a positive reading of 3.4 per cent, second only to the internet, while in the first it had a positive reading of 1.8 per cent.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Latest Articles

Max Clifford trial jury to continue deliberations after Easter break

Max Clifford trial jury to continue deliberations after Easter break

The jury in the trial of celebrity publicist Max Clifford has been sent home for Easter and will reconvene on Tuesday for further deliberations about its verdicts on 11 charges of indecent assault.

Home Office brings in Munro & Forster to campaign against FGM

Home Office brings in Munro & Forster to campaign against FGM

The Home Office has tasked Munro & Forster (M&F) with supporting its campaign to eradicate female genital mutilation (FGM) as part of a wider retained brief.

Former White House press secretary Dee Dee Myers to join Warner Bros

Former White House press secretary Dee Dee Myers to join Warner Bros

Warner Bros has appointed former White House press secretary Dee Dee Myers as EVP for worldwide corporate communications and public affairs, effective September 2.

Edelman takes a ride on Branson's slow-motion space adventure

Edelman takes a ride on Branson's slow-motion space adventure

Virgin Galactic is probably on every PR agency's dream assignment list, but previous delays to Richard Branson's space venture suggest it may not be a complete blast.