UK Publishing Has Record 2016, Sales Up 7% to £4.8bn (Ebook Sales Down 3%, Academic/Professional Publishing Up 10% )

Note: As of April 25, 2016 £1 UK equals $1.28/USD
From The Publishers Association:

Figures released today by the Publishers Association shows that 2016 was a record breaking year for the publishing industry with sales of books and journals reaching £4.8bn [$6.16bn/USD], their highest ever level.
The increase in sales of 7% on the previous year is the largest growth in a decade, when in 2007 digital was first included.
Industry growth has been fuelled by success both home and abroad, with export sales rising by 6% to £2.6bn and now responsible for 54% of total revenues.
Highlights include:

• Overall digital sales up 6% to £1.7bn despite a continuation of the drop in eBook sales down 3%
• Physical sales up by 8% to £3bn on last year rising to the highest level since 2012
• Europe remains the largest export market accounting for 35% of exports

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• eBook sales were down by 3% to £538m continuing a trend seen for the first time last year. This was in large part down to a 17% drop in the total consumer eBook market to £204m
• Total consumer audio downloads continued to perform well up by a further 28% to £16m
• Total sales of academic/professional digital books were up by 6% to £277m

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Overall academic and professional publishing was up by 10% to £2.4bn

• Publisher sales of academic and professional books rose 9% to £1.1bn
• Total income from journals rose 10% to £1.2bn
• Share of journal income from subscriptions fell to 79% while income from Open Access article processing charges increased by 46% to £81m

Read the Complete Publishers Association Announcement

Filed under: Companies (Publishers/Vendors), News, Open Access, Publishing