Industry News

Home / Industry News
News > News Article

18 May 2023

UK printing industry contracted in Q1 as output and orders fell

UK printing industry contracted in Q1 as output and orders fell

Bounceback in confidence and performance expected during Q2 as cost pressures top out.

The first quarter of 2023 has turned out to be significantly more challenging than expected for the UK's printing and printed packaging industry. Output and orders both suffered declines in Q1 as high costs, higher prices, and subdued demand all combined to restrain production. However, the outlook for Q2 is much more positive. A climate of stubbornly high inflation, amidst a cost of living, and cost of business crisis has dampened demand for portions of the industry. An expected easing of cost pressures in the current quarter underlies the revived expectations for orders and output in Q2.

The latest Printing Outlook survey reveals that one-third (33%) of printers managed to increase their output levels in the first quarter of 2023, a further 29% were able to hold output steady. However, the remaining 38% experienced a decline in their output levels. The resulting balance (the difference between the ups and the downs) was -5, below the +4 in Q4, and well below the Q1 forecast (+11). This decline in output ends the seven consecutive quarter of positive output growth that the industry has experienced as part of the recovery from the impacts of Covid and comes just as it looks as though cost increases are balancing out.

BPIF Press Release Printing Outlook Q2 2023 - Size: 161Kb Download
Share this page
Most Read

Pay Review Data, Wage Benchmarking and Cost of Living – MAY 2024 UPDATEPay Review Data, Wage Benchmarking and Cost of Living – MAY 2024 UPDATE

16 May 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.

Intergraf Economic News (Paper Prices) - April 2024Intergraf Economic News (Paper Prices) - April 2024

19 April 2024

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

For more information please contact:
Kyle Jardine
Kyle Jardine
0289 002 0135
Interested? Join the BPIF today

The BPIF is the printing industries champion. By becoming a member you join a diverse and influential community. We help you solve business problems, connect you to new customers and suppliers and make your voice heard in government.

Call 01676 526030

Apply Today