The British Printing Industries Federation has released the latest of its Printing Outlook quarterly surveys and found that orders are up significantly. Indeed, one-third of printers increased output in Q1, though a quarter reported a decline in output.
Most printers expect the second quarter will be similar, though there was more optimism for the second quarter of last year. Some printers will have benefitted from work generated by the general election, though the uncertainty surrounding the outcome has been a concern. There are also continuing worries regarding paper supply in the wake of Paperlinx UK’s administration.
The forecast for Q2 is less upbeat – though it does remain positive. Over two-thirds (69%) believe that the general state of trade in the industry will remain unchanged. Of the remaining respondents, 24% compared with 7% believe that the UK print market will improve rather than worsen.
Competitors pricing below cost continues to be the main business concern among printers. Other concerns include customers retaining work in-house and major retailers exerting excessive pressure on their supply chain.
The full Printing Outlook report is available (free to BPIF members and £40 to non-members) from the BPIF website: www.britishprint.com/printingoutlook/