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17 February 2019
Sales and Profits Up According To PIA Report
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Printing Industries of America's (PIA) Center for Print Economics and Management expects the economy to continue growing at a modest pace over the course of 2019. It forecasts that it will be yet another favorable year for print and printers, with total print revenues increasing around 1 to 2 percent and printers' profits holding at their historic levels. The printing industry's profits is one that typically tracks pretty well with the overall economy, and as we push into 2019 this trend should continue.
Printers’ profits have been recovering since the recession and profits (as a % of sales) have increased or remained steady every year since, with the exception of a slight drop of -.3% from 2015 to 2016. We foresee more growth in this metric this year, somewhere between .3% to .5%Print will continue to evolve as a media and printers will continue to transition with a diverse mix of processes, products, and ancillary services for their customers.The risk of recession has increased as we enter the 10th year of the economic recovery.
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