Local Ad Spending Forecast To Expand 4.4% To $157B In 2024

Local Ad Spending Forecast To Expand 4.4% To $157B In 2024

U.S. local advertising is forecast to grow 4.4% to $157.1 billion in 2024, according to data released Friday from Borrell Associates. The forecast also estimates all 2024 U.S. media digital advertising formats to grow 6.0% — lower than the projected 7.1% in 2023, with paid-search listings estimated to rise 8%.