SOME great news if you (like us!) remain attached to the printed word. Latest available figures from the Publishers Association show that the UK industry saw physical book sales rise by 5% in 2017 to £3.1bn.
It was in fact an all-round record-breaking year with total income similarly rising by 5% to £5.7bn. The industry is already the number one exporter of books in the world and export income rose a further 8% to £3.4bn, accounting for 60% of total revenues.
Stephen Lotinga, chief executive of the Publishers Association said that the figures represented a stellar performance from the UK industry. “From blockbuster novels to the textbooks and research papers which shape our thinking, today’s statistics prove that society’s love of books in all forms shows no sign of waning,” he said.
“Publishers are catering to modern consumers who are reading books in different formats across different platforms, but still showing a very significant attachment to the printed word, as we continue to see the resilience and popularity of print across publishing sectors.”
͞”Export income has increased significantly and this increase is testament to the high regard UK publishers, authors and their work are held in around the world – and the continued appetite of readers for them.”