PA Statistics Yearbook shows UK sales fell by 2% in 2013
In the UK, the Publishers Association (PA) has released its Statistics Yearbook, which shows that the invoiced value of UK publishers’ annual sales in 2013 fell by 2% to £3.39 billion (A$6.16 billion), reports the Bookseller. The Yearbook states that, in 2013, sales of print books fell by 5% and sales of digital products rose by 19%. Digital products accounted for 33% of fiction sales and 7% of nonfiction/reference sales, with overall consumer ebook sales rising by 18%. PA chief executive Richard Mollet said 2013 was ‘an interesting equilibrium moment with the total growth up by the same figure as physical sales are declining; showing that digital sales are fully pulling their weight in the market’. PA president Nick Fowler said digital growth is ‘the single most encouraging factor about publishers’ performance, because it emphatically demonstrates—if it needed reiterating—that publishing has a strong future in the mixed-mode economy’.
Category: International news