As the global advertising industry attempts to predict the effect of the terrorist attack on the US, the Media Edge, a US media planning agency, has charted advertising expenditure in the US before, during and after the 1991 Gulf War. The study came up with the following lists of sectors that showed a decrease in ad spend: business propositions and employment recruiting: -55 per cent; retail: -21 per cent; jewellery: -18 per cent; airlines: -23 per cent; petrol: -21 per cent; soft drinks and snacks: -17 per cent; drugs and remedies: -14 per cent. categories showing increases were: computers and office equipment: +42 per cent; beer and wine: +26 per cent; building materials: +25 per cent.
US firm monitors ad spending
As the global advertising industry attempts to predict the effect of the terrorist attack on the US, the Media Edge, a US media…
Join The Irish Times on WhatsApp and stay up to date
Sign up to the Business Today newsletter for the latest new and commentary in your inbox
Listen to Inside Business podcast for a look at business and economics from an Irish perspective