Marketing Budgets Challenged
Mar 17, 2009
A recent survey by the Association of National Advertisers verifies that the recession is having an effect on advertising decisions across a range of industries. When compared to a similar survey taken 6 months earlier, the results showed the budget pressures:
- In July/August, 53 percent of marketers thought their advertising budgets would be reduced in the next six months, when in fact, 71 percent experienced a budget decrease.
- 38 percent thought their budgets would remain the same, but only 23 percent had their budgets untouched.
- 9 percent thought they would see a budget increase, when only 6 percent did.