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After six years of declines, spending ticked up again in 2008, only to fall by 36 percent during the recession, the report said.
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Shined: Spending on wind, power storage and electric vehicles in China Declined: Spending on biofuels (like sugar and corn ethanol) in the U.S., Brazil and Europe.
Because the state's tax revenue is declining, spending on schools has been cut $178 million this year.
According to IAB and PwC figures, spending on internet advertising has now overtaken that spent on press advertising and is catching up with the declining spend on TV advertising.
These gains helped to offset declines in spending on shopping centers and amusement and recreation centers.
State and local governments, universities, hospitals and nonprofits are all suffering from declines in spending.
That decrease was largely because of declining spending on the Vietnam War.
Consumers, spooked by reports of declining spending, are deciding not to spend.
J. C. Penney, Kohl's and other American retailers have weathered declining spending and store visits as consumers navigate record gasoline prices and falling home values.
Organizers hailed the demonstrations — meant to highlight unemployment and declining spending power in a time of crisis — as a great success.
Of course, this is also playing out against a backdrop of declining spending and rising delinquencies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com