Driven by strong economic performances and rapidly improving consumer confidence levels in the first quarter of 2010, media advertising activity across 12 Asia Pacific markets surged by 18% - the second consecutive quarter of positive growth.
In the clearest sign yet that economic prospects are improving rapidly across the region, six of the ten most confident consumer markets globally are from Asia Pacific, with positive consumer confidence level increases in the Q1 2010 Nielsen Global Consumer Confidence Index.
Richard Basil-Jones, Managing Director, Nielsen Media Asia Pacific comments “The latest Nielsen findings are the sign that marketers, manufacturers and retailers have been eagerly waiting for, as consumers’ spending intentions are turning into actual spending reality. In Q1 2010 global consumer confidence rebounded to the highest level since Q3 2007, however the positive news for marketers in Asia Pacific is that consumers are already upbeat on how they will utilize their spare cash, including 41% on holidays / vacations, 35% new clothes, out of home entertainment 29% and new technology 30%.
These discretionary spending considerations showed significant growth over the same findings in Q1 2009 and this is not lost on most marketers who are now back in growth mode. This is translating into advertising activity rapidly returning to pre GFC levels; where we now see the second consecutive quarter of media advertising growth across all 12 markets in Asia Pacific (compared to the same period in 2009)”.
“Based on the most recent ad spending results, the outlook for main media advertising across the remainder of 2010 appears extremely positive in all 12 markets.
The challenge for marketers however, will be strengthening their brand awareness and positioning where visibility diminished during the downturn. Consumers are out there spending and intending to loosen up their purse strings, so the onus is now on marketers to ensure their products and services return to top of mind” Basil-Jones summarised.
Qtr 1 2010 compared to Qtr 1 2009
12 months to March 2010 & YOY