The Australian printing industry is showing signs of recovery, Printing Industries reported after the release of June 2009 quarter economic growth data from the Australian Bureau of Statistics (ABS).
The June quarter result represents the first positive quarter of growth for the printing industry in five quarters, with printing one of only two manufacturing industries that reported positive growth during the quarter, the other being the food, beverage and tobacco industry, reported ProPrint.
The ABS also released capital expenditure figures which revealed a 9.6 per cent increase in the printing industry in the June quarter, representing a 44.1 per cent increase compared to the same quarter last year.
After reaching a low point last September, new capital expenditure has now increased for three consecutive quarters, with Printing Industries citing the federal government's investment tax break and this year's PacPrint event as contributing factors.
The industry also recorded a 0.2 per cent rise in sales during the June quarter after a particularly difficult quarter in March. Total industry sales during the year to June amounted to $20.9 billion, a 4.6 per cent deterioration on the previous year's outcome.
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