BPIF survey shows low confidence amongst UK printers

The BPIF has released its latest quarterly survey into how confident British printers feel about the state of the industry, showing a subdued fourth quarter but with slightly more optimism forecast for the first quarter of this year.

The BPIF publishes a quarterly survey on how various printers see the outlook for the print industry.

Overall, printers are less confident in the economy and did not experience the normal upturn associated with the last quarter of the year. Most cite competitors pricing below cost as a major issue, with a growing number also worried about the price of paper and board.

The survey shows that 40% of printers increased their output levels in the final quarter of 2018, while a further 40% held output steady and roughly 20% experienced a decline in output.

A quarter of those surveyed expect their output to fall in this quarter, though 37 percent are predicting a rise in output and 38 percent think their output will stay the same. This would be on par with what we might normally expect in the first quarter of a year. It should also be pointed out that ink prices have gone up in the first quarter, which won’t have helped.

Not surprisingly, the printers surveyed were not overly confident about the Brexit negotiations. Only 1 percent claimed to be very confident about Brexit, with 41 percent somewhat unconfident. Strangely these figures actually improved slightly at the end of the year when the Brexit talks moved to phase two but presumably confidence will have fallen further since the start of the year when the Brexit talks have mainly consisted of David Davis and Michel Barnier insulting each other while various government ministers routinely contradict each other as to exactly what we’re trying to achieve with this Brexit.


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