All four sectors of the sign and graphics industry are looking slightly worse for 2021, but are expected to rebound by 2022, according to the Sign Industry Quarterly Economic Report, produced by IHS Markit for the International Sign Association (Fairfax, VA).
The report covers the third quarter of 2021 and was prepared in September. It assesses four segments of the industry: two supplier markets (printing and electrical/digital signage) and two end markets (electric/digital signage and architectural signage). It also forecasts commodities.
Some highlights:
- While the latest update hasn’t resulted in significant shifts in any of the indices, all sectors are showing a slightly worse outlook for 2021 with slight improvements for most sectors in 2022. The end markets for architectural signage will show the largest cool-down from 2021 as it returns to historical trend levels of growth.
- Inflation for 2021 will top 4.2 percent. As prices of food, energy and motor vehicles retreat with recovering supplies, and with long-run inflation expectations anchored near the Federal Reserve’s long-term 2 percent objective, IHS expects the consumer price index inflation to subside to 2.4 percent in 2022.
- The steel market is turning, and prices will move downward from here. However, there are policy decisions that could slow the pace of decline.
The report is free for ISA members and ISA-affiliated association members; non-members may purchase it for $1,000. The research can be accessed at signs.org/quarterlyreport.
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