Semper International Releases Latest Q3 2015 Industry Insight Survey Report
BOSTON—July 29, 2015—Semper International released its quarterly economic insight report today, the "Semper International Third Quarter 2015 Industry Insight Survey Report," which was created in partnership with Printing Impressions magazine.
While some economic data remains strong, this quarter’s report reveals tempered optimism, as the winter’s slowdown extended a bit through the summer months. The report also includes insights on where firms are looking to hire and diversify this quarter, as well as predictions on sales in the coming months.
This quarter’s data uncovers additional interesting trends:
- A 20 percent drop of firms reporting profits this quarter (from 87 percent to 71 percent), and continued concerns on new sales, with one in 10 companies expecting a sales decline
- A return of the traditional profit cash cows, with traditional Print and Pre-press divisions delivering the most profits this quarter
- Despite a tight labor market, firms report a 22 percent drop in hiring rates in the third quarter
- Still, we found a 40 percent increase in the number of firms concerned over base pay rates this quarter, and 25 percent concerned about rising overtime costs—a signal that many are investing in their staff with an eye on a positive future.