26 February 2021
Confidence eroded as Q4 output curtailed
A further downturn is now underway in Q1 but vaccine roll-out provides hope.
The recovery in the UK printing and printed packaging industry suffered a setback in Q4 and is now expected to see a decline on the volume of orders and output in Q1. The Covid-19 outbreak hit at the end of Q1, Q2 bore the brunt of the impact and whilst Q3 exhibited a recovery, of sorts, Q4 experienced a halt on that recovery path. Unfortunately forecasts for Q1 suggests that the Covid-19 resurgence and resulting mix of lockdown measures and post-Brexit disruption will be a drag on recovery for many businesses.
The latest Printing Outlook survey reveals that 29% of printers managed to increase their output levels in the final quarter of 2020. One-third (33%) were able to hold output steady, whilst 38% were adversely affected by a decline in output. The resulting balance (the difference between the ups and the downs) was -9, only just below the -8 reported in Q3 and just much in-line with the Q4 forecast (-7).Downloads
14 October 2021
In the last three months global gas wholesale prices have skyrocketed to record levels, dragging electricity prices with them - it is fair to call this an energy crisis.
11 November 2021
Growth to continue in Q4 amidst mounting supply constraints and cost pressures.