Financial

Marketing budget conditions have improved for the 5th consecutive month, details Warc [pdf] in its latest Global Marketing Index. The budget component of the index improved to a reading of 54.3 this month from 52.9 in April. Rather than following last year's pattern of diminished enthusiasm between April and May, this month's index rose to its highest value since the index's start in October 2011. (A score above 50 indicates a generally improving environment, while a score below 50 indicates a generally declining environment.) Read more »

Data-driven marketing spending is on the rise, according to respondents to the Direct Marketing Association's Quarterly Business Review covering Q1 2013. 38.7% of respondents indicated that their spending increased quarter-over-quarter, with another 41.9% reporting a steady level of spending. On a 5-point scale, where 5 indicates a significant increase in spend from the prior quarter, data-driven marketers averaged out at a score of 3.19, up from 3.1 in Q4 2012 and 3.16 in Q3. In turn, 45.9% enjoyed revenue increases from their activities for the quarter, with another 39.4% indicating that revenues stayed flat. Read more »

Socialbakers has released its latest "Socially Devoted" figures for Q1, and the results are a mixed bag. On the one hand, the average response rate grew 6% points quarter-over-quarter to 38%, after only improving by 4% points in the preceding 6 months. But on the other hand, that means that significantly fewer than half of questions posted to brands' Twitter profiles were answered. What's more, the average response time increased by 10%, from 6 hours in Q4 2012 to more than 6-and-a-half hours in Q1. Read more »

The mobile marketing ecosystem is demonstrating rapid growth, with $6.7 billion spent by client-side marketers and retailers in 2012, according to [download page] a study commissioned by the Mobile Marketing Association (MMA) and conducted by researchers at Columbia University. That investment should grow to $10.5 billion this year before ballooning to $19.8 billion in 2015, with close to half of that ($9.2 billion) coming from mobile advertising alone. Read more »

87% of Mass Affluents (current investors with $100,000 - $1 million in assets, excluding the value of their homes) have used social media in the past year, with about three-quarters using Facebook, half using LinkedIn, and roughly one-quarter on Twitter, per results [download page] from a study conducted by LinkedIn in partnership with Cogent Research. Almost 40% of Mass Affluents report using social media for discovery (21%) or consideration (32%) of financial companies: interestingly, they're more likely to learn about financial information through an ad or brand content than through an individual. Read more »

The Great Recession widened the wealth gap between whites and minorities in the US, according to [pdf] a new report from the Urban Institute. Between 2007 and 2010, Hispanic families lost 44% of their average wealth (measured as total assets minus total liabilities and debts), compared to a 31% loss for blacks and a relatively more modest 11% decline for whites. Hispanics were particularly hard hit by the real estate collapse, with their average home equity plummeting by 49%. Read more »

Mother's Day spending outlooks are mixed, but generally positive, according to recent reports from the NRF, IBISWorld, and Brand Keys. The NRF forecast predicts that the average consumer will spend 11% more on Mother's Day (Sunday, May 12), for an average of $169, with total spending expected to reach $20.7 billion. Brand Key's survey results [pdf] are similar, with celebrants planning to spend an average of $171, for a total of $18.6 billion, which would be a 5% increase from last year. IBISWorld, though, sees total spending reaching a smaller total of $17.1 billion, just 0.2% higher than last year. Read more »

Not only is optimization not getting a bigger slice of the marketing budget pie this year, it may actually be getting a slightly smaller share, per results [download page] from the Adobe 2013 Digital Marketing Optimization Survey. This year, 53% of the digital marketers surveyed from around the world said they devote less than 5% of their total marketing budget to optimization activities (including agency fees, professional services, and technology), up from 48% last year. Only 6% of respondents are allocating more than one-quarter of their budgets to these activities, relatively unchanged from last year's 7%. Read more »

Digital marketing is "game-changing," says Accenture in a new report looking at how CMOs around the world are working to create a seamless customer experience. But while it's critical to implement a digital orientation, defined as "working across the organization to infuse a digital focus in all business processes and functions," that's easier said than done. In fact, among 5 key marketing capabilities, the gap between performance and importance is greatest for digital orientation, with CMOs most often saying that inefficient business practices are to blame. Read more »

Fresh on the heels of a report finding that 4 in 10 global marketers around the world will be reallocating budgets to digital marketing (a report which itself came shortly after a US-based study indicating the same trend), a new study from Accenture has emerged looking at the topic from the perspective of CMOs around the world. And the takeaway is much the same: digital marketing is going to get more of the overall marketing budget next year. About 2 in 3 respondents said they would be devoting at least 25% of their budgets to digital marketing next year, up from 46% who said they would allocate that much this year. Read more »