Print business in boom despite delay from projections BPIF report explains Latest business projection presented in BPIF’s Printing Outlook report
The print industry is set for an end-of-year boom in its output despite a delay in growth, the latest British Printing Industries Federation (BPIF) report says.
The independent body recorded in its latest edition of Printing Outlook, that output, orders and confidence in Q3 displayed the most positive values for two years, and is set to continue into Q4.
Profit distribution was healthier, and cash flow was being managed effectively, with most companies specifically targeting improvements in operational effectiveness, sales management and cost control to help maximise future profitability.
BPIF also found sustainability trends are growing as more businesses are measuring, and minimising their carbon footprint; and making strategic investments that will improve their credentials.
But BPIF says to be cautious with its projections as some adjustments may be needed with the announcement of the Government’s Budget along with concerns within the industry having an impact.
A shortage of skilled employees, for example, was identified as a significant issue limiting capacity utilisation with BPIF calculating it was restricted by just over 11% in October – up from 9% in July, around 6% in April, and 4% in January.
Kyle Jardine, BPIF economist, said: “Some uncertainty still remains but Q4 expectations remain positive.
“The last 24 months have been characterised by lingering and extreme cost pressures, economic uncertainty and political instability.
“With the Budget revealed, businesses will at least be ready to move on with some of that uncertainty behind; though they will likely find the process of moving on more challenging as a result of its changes.”
The print industry is set for an end-of-year boom in its output despite a delay in growth, the latest British Printing Industries Federation (BPIF) report says. The independent body recorded in its latest edition of Printing Outlook, that output, orders and confidence in Q3 displayed the most positive values for two years, and is set […]
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