Carat has downgraded its 2012 ad spending growth forecast, reports MediaPost.
The Aegis Group media shop dropped its forecast by a half a percentage to 4.9%, the report states. It was the first adjusted to its forecast since August; Carat did not alter its global ad spending growth forecast, leaving it at 6%. Even with the downgrade, the shop's U.S. estimate is higher than a revised estimate issued by Publicis Groupe's ZenithOptimedia earlier in the week, which pegs U.S. ad-spending growth at 3.6%, according to the report.
Carat predicts that by 2013, global spending on digital advertising will overtake newspapers, with an increase of 15%. Globally, Carat predicts 2013 spending growth will reach 5.8%, said the report.