Brussels, 13 February 2016 – Business confidence levels in the European advertising and marketing industry continue to rise for the third consecutive quarter reaching +19 in January 2017, which is a modest boost from October 2016 (+16) but a significant one since July 2016 (+7), according to the European Advertising Business Climate Index released today by the European Association of Communications Agencies (EACA).
The British ad sector seems to be on a strong path of recovery after the Brexit vote, exhibiting a confidence boost from +4.1 in October 2016 to +38.7 in January 2017. German, Swedish and Croatian markets also record high levels of business confidence, +48, +33 and + 36 respectively. Following a general growth trend, Belgium, Denmark and Cyprus demonstrate more confidence rising from +14 to +24, +9 to +24 and -9 to +21, respectively.
Conversely, Italian ad companies recorded a steep fall in confidence in January 2017 (+1) from October 2016 (+30) , which now represents one of the lowest business confidence levels in Europe alongside those registered in Greece (-47), Slovakia (-17), Malta (-15), and France (-8).
European advertising and marketing companies continued to experience a positive demand trend in Q4/2016 (+25) rising from +20 in Q3/2016 and +11 in Q2/2016. They are also positive that the demand will continue rising in Q1/2017 (+23).
As in the previous quarter, advertising and marketing companies from Northern Europe continue to demonstrate the highest expectation of demand for their services (+37). Western (+23) and Central/Eastern (+14) follow suit while the Mediterranean region is less optimistic (+2).
A generally positive morale across the European ad industry, apparent throughout the Index, is also reflected in employment trends and expectations figures. The ad industry reports that confidence in employment levels rose in Q4/2016 to +13 from +1 in Q3/2016. The industry is also increasingly positive about the evolution of employment in Q1/2017 (+24) demonstrating a steady growth since Q2/2017 (+3).
Please find the European Advertising Business Climate Index report here.
You can download the press release here.
EACA will publish the next edition of the European Advertising Business Climate Index in May 2017.
For more information, please contact:
European Affairs Manager
Tel: + 32 2 740 0713
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