Printers' Optimism at 10-Year High: Survey |
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Printers are feeling more positive about their profit margins than they have done for 10 years, according to the BPIF's (British Printing Industries Federation) latest 'Directions' survey.
The latest edition of the quarterly publication, which looks at trends in the industry, found that 27% more printers believed that margins had improved in the last three months, compared with printers who thought they had worsened.
According to the report, it is the highest balance in the margins category since January 1996 and is a major improvement on the -36% recorded in last October's report.
The report also found that 60% more printers felt the general state of the industry was improving rather than worsening.
The report said, "This year the improvement exceeded expectations for the majority of respondents."
It added, however, that the improvement for respondents has come at the cost of a number of other companies closing, and says that consolidation is likely to continue into 2007.
BPIF corporate affairs director Andrew Brown said, "It is great to see positive signs for an improvement in the performance of the industry, though it is uncomfortable when this comes at the expense of a number of companies and employees leaving the industry.
Unfortunately there is likely to be more pain for some whilst trading improves for others; we expect 2007 to be another tough year."
Source: www.printweek.com
http://www.printweek.com/news/index.cfm?fuseaction=article&UID=2f8a1a22-1fa5-4e5f-9434-9fe24e0cac4d, January 8, 2007
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