March 2002 vs. 2001
Five of the major advertising categories showed positive dollar growth this March. Gains were noted in Food & Food Products, Automotive, Drugs & Remedies, Direct Response Companies, and Media & Advertising. Losses were most notable in Financial, Insurance & Real Estate; Transportation, Hotels & Resorts; Apparel & Accessories; Technology; and Household Furnishings & Supplies. (Twelve categories are the most significant contributors to PIB revenue, comprising more than 85% of total advertising spending.)
January - March 2002 vs. 2001
Gains were noted in three out of 12 categories for the year-to-date comparison, namely in Food & Food Products, Drugs & Remedies, and Direct Response Companies. Losses were most notable for Technology; Transportation, Hotels & Resorts; Financial, Insurance & Real Estate; and Apparel & Accessories.
"Overall, the March declines are not as dramatic as those in recent months," noted Ellen Oppenheim, Executive Vice President/Chief Marketing Officer, MPA. "We hope that this signals the beginning of an advertising uptick."
Expanded PIB information is available on www.magazine.org/PIB