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14 November 2019
Lacklustre Q3 as output skips the seasonal boost
LACKLUSTRE Q3 AS OUTPUT SKIPS THE SEASONAL BOOST - FLAT EXPECTATIONS FOR Q4 MAY BE BOOSTED BY ELECTION FEVER, DESPITE UNDERLYING CONFIDENCE ISSUES
The third quarter of 2019 was a disappointing one for the UK printing industry - both output and orders failed to live up to expectations and there was no repeat of the seasonal boost experienced last year. Orders and output are now expected to remain subdued in Q4, so an election surge will be well received.
The latest Printing Outlook survey reveals that 37% of printers increased output levels in the third quarter of 2019. The remaining respondents were split fairly evenly; 31% held output steady and 32% experienced a decline in output. The resulting balance (the difference between the ups and the downs) was +5, a recovery from -2 in Q2 but some way short of the Q3 expectation (+19).
This is the worst Q3 report for three years, since the aftermath of the shock EU referendum result, and particularly disappointing in comparison to the positive Q3 and Q4 performance levels last year.
Downloads
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The pace of growth in output and orders picked up in Q3 as the UK's printing and printed packaging industry benefitted from a previously delayed boost in confidence materialising in the third quarter of 2024.
Pay Review and Wage Benchmarking - NEW UPDATE
11 November 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.
