Industry News

Home / Industry News
News > News Article

2 August 2021

Strong recovery in UK printing industry in Q2 but activity still short of pre-Covid levels

Strong recovery in UK printing industry in Q2 but activity still short of pre-Covid levels

Q3 improvements expected despite intense cost pressures, pings and holidays.

The forecasted strong recovery in the UK printing and printed packaging industry was realised in Q2 and is expected to carry into Q3 - though at a slightly lower rate as holidays and isolation pings disrupt the revival. 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 and Q1 saw some moderate improvements as an equilibrium was achieved between the ups and the downs. It has taken until Q2 this year for significant improvements in workloads to come through, now the Covid-19 lockdown restrictions are being lifted and more of the economy is opening-up. Q3 is expected to see continued growth and increased activity levels.

The latest Printing Outlook survey reveals that 58% of printers managed to increase their output levels in the second quarter of 2021. A further 29% were able to hold output steady, whilst the remaining 13% suffered a decline in output. The resulting balance (the difference between the ups and the downs) was +45, a significant jump up from -1 in Q1, and only a little short of the Q2 forecast (+50). The largest report output balance for seven-and-a-half years has ensured that output has now returned to the positive zone (where more companies report an improvement rather than a decline) after 15 months in negative territory.

BPIF Press Release Printing Outlook Q3 2021 - Size: 186Kb Download
Share this page
Most Read

Intergraf Economic News - July 2022Intergraf Economic News - July 2022

8 July 2022

Access the latest edition of the Economic Newsletter for the European Printing Industry for data on industry turnover, energy prices, paper consumption and pricing data for pulp, paper and recovered paper.

More health professionals to be able to certify fit notesMore health professionals to be able to certify fit notes

30 June 2022

From 1 July 2022, nurses, occupational therapists, pharmacists and physiotherapists will be able to legally certify fit notes, reducing pressure on doctors, including GPs, who are struggling with capacity amid a backlog of treatment requests owing to the pandemic.

For more information please contact:
Kyle Jardine
Kyle Jardine
0289 002 0135