The latest British Printing Industries Federation (BPIF) Printing Outlook survey shows that nearly half of participating firms reported stable trading conditions in the winter period (December to February*). But only 16% saw an improvement, with 37% reporting a weakening in the state of trade. Winter was not as bad as many had feared, with the results proving more positive than those forecasted three months ago.
Employment prospects appear brighter this quarter. 16% of firms took on more staff in the period, whilst 70% expect staffing levels to stay at current levels in the next quarter.
Excess capacity continues to be a major obstacle, with over-capacity rising again after two quarters of improvement. Output levels were better than forecasted, with 32% stating that output had increased versus 37% that it had decreased.
As firms vied for business, the past three months saw further price deflation. The majority (49%) held domestic prices steady. 51% hope to maintain existing price levels this spring, and only 9% expect to raise prices.
The majority of printers held input prices in check during the past three months; in particular, labour costs were stable for 86% of firms.
Supplier pressure on paper and board prices is building. Just over half of print companies (55%) believe they will have to pay more over the coming three months, whilst the remainder expect stability.
British Printing Industries Federation Press Information Telephone 0845 250 7050 www.britishprint.com
Let's hope the brighter summer months are kind to us and we are not too affected by paper shortages that could be affecting us.
Charlotte Abbott
Finance Department
Print Hut!
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The UK’s ONLY Ultra Wholesale Printing Company
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charlotte@printhut.co.uk
