UK second in booming European ad market

02 Jun 2008

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UK web users are the second most valuable in Europe

UK internet users are among the most valuable to European web advertisers, according to a survey.

The report by the Interactive Advertising Bureau Europe and PricewaterhouseCoopers found that an average of €121 (£96) was spent on advertising targeted at each web user in the UK, second only to €133 (£104) spent targeting the average Norwegian surfer.

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The UK attracts the bulk of the total European online advertising spend with 34.2 per cent.

Overall online advertising spend in Europe has jumped 40 per cent in 2007 to €11.2bn (£8.9m).

Growth was attributed largely to the rise of new advertising formats, particularly video, as well as new advertising targeting technologies.

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