Rising ad engagement reflects a browsing-heavy mood, with Search click-through rates climbing to roughly 15 percent this year. However, these clicks are not universally translating into purchases. While Shopping conversions improved, Search conversion rates declined year-over-year. Users frequently click via mobile devices but maintain higher purchase intent on computers, which lead with conversion rates near 6 percent.
Across all campaign types, CTR has increased YoY. However, Search CVR has notably declined YoY (dropping from ~6.5% to ~4.5%). This highlights a critical disconnect: high engagement no longer guarantees purchase intent. Users are clicking more but converting less, pointing to prolonged comparison shopping driven by macroeconomic inflation and consumer hesitancy.
Device splits confirm a fragmented consumer journey:
Advertisers must stop treating CTR as a proxy for conversion readiness. The data dictates a bifurcated strategy: leverage Search to capture and nurture mid-funnel research traffic, while relying on the visual, price-forward nature of PMax and Standard Shopping to harvest high-intent, bottom-funnel conversions. Device-specific bid adjustments remain critical to bridging the mobile-browse to desktop-buy gap.