Pick-up in output and orders despite a fluctuating Q3 - cost pressures and uncertainty shakes confidence for Q4.
The second quarter of 2017 did not live up to the hopeful expectations for the period but did display some growth in the volume of output and orders - Q3 is forecast to continue this trend.
2017 got off to a better than expected start as both output and orders outperformed expectations - growth is predicted to continue in Q2.
After eight years as Chairman of the special interest group - BPIF labels, John Bambery has announced that he is finally retiring.
The Q4 seasonal upturn for the UK printing industry was better than expected – trade is forecast to, at least, hold steady for the majority in Q1.
The UK printing industry has not sunk to the pessimistic forecasts that were feared for Q3 – performance was still subdued but some degree of Q4 boost is expected to kick-in.
Increased levels of uncertainty in 2016 are evident. There have now been successive quarters in which output forecasts were left high and dry by the harsh reality and expectations for Q3 have been radically downgraded.
Forecasts for Q1 were not realised as reports of a slowdown in new orders, and a decline in output, resulted in the worst balances for three years – however, expectations for Q2 point to a quick recovery. The latest Printing Outlook survey reveals that whilst almost half of printers (49%) maintained output levels in the first quarter of 2016, 26% experienced a fall in output and 25% were able to increase output.