WebMD said it has historically seen a seasonal pick-up in ad sales in the fourth quarter when drug and consumer products companies use up their remaining promotional budgets.
Auto companies and consumer goods firms have to spend larger percentages of their budgets on transportation and fuel than do banks or a technology services providers.
Along with flagging consumer confidence and shrinking disposable income likely comes cuts in vacation budgets and less money spent on airplane tickets, hotel rooms, car rentals, as well as less time browsing through travel recommendation sites, which threatens advertising revenue and flattens commission fees.
Business-to-consumer product companies show the biggest increases in expected growth in marketing budgets (8.6%) and marketing budgets as a percent of firm budgets (17.4%), but not marketing budget as a percent of firm revenues (9.8%) which is dominated by business-to-consumer services companies (16.1%).