Advertising expenditure in the US, rose by 5.7% year on year during the first six months of 2005 due to gains across major media, according to figures released by Nielsen Monitor-Plus.
Commenting on the market, Jeff King, managing director of Nielsen Monitor-Plus said: “Ad spending continues to strengthen in 2005, with the second quarter outpacing the first. In particular, spending for the Top 100 Spot Television markets was down in the first quarter, but bounced back to a 3.1% gain in the second.”
Adspend for the top ten companies reached $9.5 billion in the first half of the year, an increase of 7.5% compared to this time last year. Despite DaimlerChrysler cutting spend back by 7.8%, automotive companies as a whole however, showed healthy gains, accounting for $3.8 billion in advertising expenditure.
The top ten categories reached $21 billion in adspend in the first six months of 2005, an 5.4% rise compared to 2004, with the credit card industry remaining the fastest growing in terms of percent increase over last year (see Nielsen Shows US Adspend Up By 2.4% In Q1 2005).