Quarterly revenues at WPP, the world's third biggest advertising agency, increased 6%, although a weaker dollar has eaten into its revenues.
Revenues would have increased by 12% were it not for the effect of the weak US dollar. On a constant currency basis, all regions, except continental Europe, showed double-digit revenue growth.
Revenues increased by almost 11% in North America, almost 12% in Britain and over 28% in Asia Pacific, Latin America, Africa and the Middle East. Revenues in Continental Europe rose by over seven percent.
"The group continues to benefit from consolidation trends in the industry, winning several large assignments from existing and new clients," the company said.
The company also said that it was finding an increasing number of new business opportunities, as customers become less concerned with controlling costs and more focused on growing their profits. It also said that there are signs of increases in corporate capital expenditure, particularly in the area of technology.
The company had previously predicted an industry recovery this year after a two-year downturn, thanks to a series of major events including the US presidential election and Olympic Games.
