Growth and confidence hit in Q2 – output expected to recover in Q3
GROWTH AND CONFIDENCE HIT IN Q2 – OUTPUT EXPECTED TO RECOVER IN Q3 BUT RESTORING CONFIDENCE WILL TAKE LONGER
The UK printing industry was not immune to the economic turmoil in the second quarter of 2019 - both output and orders suffered a contraction to duck below the forecasts and into negative territory. Orders are expected to remain subdued in Q3 but output is expected to bounce back.
The latest Printing Outlook survey shows 32% of printers increased output levels in the second quarter of 2019. The remaining respondents were split evenly; 34% held output steady and 34% experienced a decline in output.
The resulting balance (the difference between the ups and the downs) was -2, a continuation of the decline experiences in Q1 that followed the Q4 seasonal boost. This was an underperformance in comparison to the forecast for Q2 (the forecasted balance was +8).Downloads
Further information on UK paper and board demand available to BPIF members from EMGE - paper industry consultants.
A BPIF analysis of newly revised data from the Office for National Statistics provides a detailed product sector breakdown for UK manufacturer sales of printed products.