IPA Q1 2006 Bellwether report: Advertising, sales promotion and direct down, online marketing up.

The Institute of Practitioners in Advertising has released its Q1 2006 Bellwether report. From its press release :

• Marketers cut traditional media budget for the 6th quarter in a row,
• Only 22.7% of marketing budgets were increased for 2006-2007 (the lowest percentage since 2002)
• Online was the only media to have budgets increased in Q1 ; the strongest gain since Q1 2004.

I am reproducing a quote verbatim from Sir Martin Sorrell which sums-up clients' mood:

“The IPA Bellwether report confirms our experience. The UK remains one of the weakest geographical markets at the moment. But new media and new technologies are growing rapidly as clients experiment with different approaches and question the value of traditional media.”