UK Adspend looking positive despite Brexit gloom

UK Adspend looking positive despite Brexit gloom

Adspend in the UK is forecast to grow for the eighth successive year in 2017, with predicted growth up from 5.8% to 7.2%, according to the latest figures from the WPP media agency group.

Upgraded growth forecasted for Group M this year – up from 6.3% to 7.2% for 2016.

Traditional media advertising spend is predicted to fall from -1.1% to -2.6% for 2016 and from +0.5% to -1.4% in 2017

TV ad spend is expected to be down 0.1% this year and up 1.0% in 2017.

A growth in cinema advertising is expected by 1% in 2016 and by 3.4% in 2017 following a huge increase of 21.5% in 2015.

Pure-play digital ad market share has risen to 52% this year and is predicted to grow up to 55% next year.

A 15% rise in digital display demand is likely for next year, with paid search accelerating and remaining the largest driver of growth.

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