Whilst the report concentrates on the US industry, our own region is also looking good and probably a little less volatile than the US.
The ISA Sign Industry Quarterly Economic Report covers the second quarter of 2016 and forecasts into 2017. It assesses four segments—printing, electric/digital signage, and architectural signage—and related economic factors. In general, it shows growth for both the U.S. economy—gaining steam in 2017 and 2018—and a relatively stable global outlook.
The Economic Report, which was prepared in June, is sponsored by NASSD and compiled by IHS and Vandiver Associates. It analyses each segment of the market upstream and downstream to allow users to stay current with evolving business conditions.
Highlights from the report:
* All markets remain above trend for 2017, with the outlook stable for all four market segments. All segments are expected to show growth well above the historical trend. This above trend growth for all market segments should remain through 2018 as well.
* In printing, the outlook for 2016 has been downgraded a bit for suppliers to the static side of the industry, with expectations now just slightly above the historical trend. The outlook should pick up in 2017 in a growth pattern on par with the trajectory previously forecast and remain solid for 2018.
* For suppliers to the electronic and digital sectors of the market, the expectations have been revised down to show the sector maintaining its historical trend. It’s is expected to pick up significantly in 2017 and remain strong in 2018.
* The expectations for 2016 for the end market for electric and digital signs remains very strong, and the growth should cool only slightly for 2017 and 2018.
* The end market for architectural signage should continue to see very favorable conditions through 2016. Growth should remain strong but decelerate through 2018 as demand returns to its long-term trend.
International Sign Association
www.signs.org
