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==== June 2023 ==== | ==== June 2023 ==== | ||
'''Advertising spending slowed down to a halt in the first quarter of 2023 (+1.5% globally, flat in most Western markets) due to economic uncertainty and the lack of cyclical drivers.''' There are, however, some drivers mitigating the impact of economic slowdown: Ecommerce and Retail Media bringing more marketing dollars into digital advertising formats, and the counter-cyclical dynamic of some large industry verticals (Retail, Auto, Travel). | '''Advertising spending slowed down to a halt in the first quarter of 2023 (+1.5% globally, flat in most Western markets) due to economic uncertainty and the lack of cyclical drivers.''' There are, however, some drivers mitigating the impact of economic slowdown: Ecommerce and Retail Media bringing more marketing dollars into digital advertising formats, and the counter-cyclical dynamic of some large industry verticals (Retail, Auto, Travel).<ref>https://magnaglobal.com/global-ad-market-june-2023-update/</ref> | ||
[[File:Screenshot 2023-07-14 112834.png|center|thumb|683x683px|https://magnaglobal.com/global-ad-market-june-2023-update/]] | [[File:Screenshot 2023-07-14 112834.png|center|thumb|683x683px|https://magnaglobal.com/global-ad-market-june-2023-update/]] | ||