10 November 2020
Confidence improved as output and orders rallied in Q3
Unfortunately road to recover blocked in Q4.
UK printing and printed packaging has rebounded from the second quarter's record low - it just hasn't bounced back high enough yet. The Covid-19 outbreak hit at the end of Q1, Q2 bore the brunt of the impact and Q3 has exhibited a recovery; of sorts. Forecasts for Q4 suggest that, in light of the Covid-19 resurgence, enforced regional lockdowns and climaxing Brexit uncertainty, the path ahead will now take a dip for the worse and risk turning the recovery "V" in to a "W".
The latest Printing Outlook survey reveals that 35% of printers managed to increase their output levels in the third quarter of 2020. However, fewer (22%) were able to hold output steady, and 43% were adversely affected by a decline in output. The resulting balance (the difference between the ups and the downs) was -8, much improved from the -59 reported in Q2 but below the Q3 forecast (+7) and still in the negative zone (meaning more companies have reported a decline rather than an improvement).
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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