Growth and confidence hit in Q2 – output expected to recover in Q3

GROWTH AND CONFIDENCE HIT IN Q2 – OUTPUT EXPECTED TO RECOVER IN Q3 BUT RESTORING CONFIDENCE WILL TAKE LONGER

The UK printing industry was not immune to the economic turmoil in the second quarter of 2019 - both output and orders suffered a contraction to duck below the forecasts and into negative territory. Orders are expected to remain subdued in Q3 but output is expected to bounce back.

The latest Printing Outlook survey shows 32% of printers increased output levels in the second quarter of 2019. The remaining respondents were split evenly; 34% held output steady and 34% experienced a decline in output.

The resulting balance (the difference between the ups and the downs) was -2, a continuation of the decline experiences in Q1 that followed the Q4 seasonal boost. This was an underperformance in comparison to the forecast for Q2 (the forecasted balance was +8).

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