11 August 2020
Output and orders sink to new depths in Q2 amidst Covid enforced crisis in confidence
But rebuilding is underway in Q3.
The UK printing and printed packaging industry hit a record low in the second quarter of 2020. The Covid-19 outbreak hit at the end of Q1, but it is Q2 that has taken the brunt of the impact as both output and orders recorded their worst ever balances - in line with the forecasts provided in Q1. However, expectations for Q3 reveal some improvement, in comparison to Q2, is to come - but it is certainly not a dramatic return to pre-coronavirus normality.
The latest Printing Outlook report reveals that 15% of printers managed to increase their output levels in the second quarter of 2020. Fewer (11%) were able to hold output steady, whilst 74% were adversely affected by a decline in output. The resulting balance (the difference between the ups and the downs) was -59, a further drop from the -43 reported in Q1 and marginally below the Q2 forecast (-55).
This is the worst quarterly report on record, undercutting the -51 recorded in Q1 2009 during the immediate aftermath of the financial crisis.
DownloadsPay Review Data, Wage Benchmarking and Cost of Living – FEB 2024 UPDATE
14 February 2024
We have collated data from multiple sources that should be useful for BPIF members that are approaching internal pay reviews, and/or are having a closer look at their pay and benefits structure. The datafile, first published in February 2023, has been updated with the latest available data - and additional content on factors exerting pressure on pay settlements in 2024.
Slight recovery of output and orders falls short of expectations in Q4 - confidence concerns mount in 2024
22 February 2024
Performance in the UK's printing and printed packaging industry did improve in Q4, as far as output and orders are concerned. However, it didn't come close to what would historically be considered the seasonal norm, nor quite match the subdued expectations for Q4.
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