Advertising investment up in August
In August, gross advertising spending rose by 7.5 percent to 237.6 million Swiss francs. The key market—watches and jewelry—actually nearly doubled its advertising budget compared to the previous year.
In August, gross expenditure on advertising rose by 7.5% to CHF 237.6 million. The key market of watches and jewelry even almost doubled its financial advertising expenditure compared to the previous year. According to SDA, the market research company Media Focus concludes that the Swiss advertising market continued to grow in August. Advertising expenditure increased by 7.5 percent to just under CHF 2.4 billion in the first eight months. With a year-on-year increase of 94.6 percent, the key market of watches and jewelry has recorded the strongest monthly growth so far this year. Telecommunications invested 20.3% or CHF 2.9 million less in August than in the same period last year. The savings in the fixed network sector corresponded exactly to the total savings of CHF 2.9 million. By contrast, the food sector increased by 61.3%. The advertising markets of household articles (+53.3%), political campaigns (+44%), charitable campaigns (+42.6%) and energy (+27%) also showed a significant increase in August compared to the same month last year.
