Quarterly Economic Report Q4 2021 Shows Signs of Improvement

Most sectors of the sign and graphics industry are looking on par or slightly better for 2022, according to the Sign Industry Quarterly Economic Report, produced by IHS Markit for the International Sign Association.

isa quarterly economic report signageThe report covers the fourth quarter of 2021 and was prepared in December. The report 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:

  • Gross domestic product is expected to grow at 4.1% for 2022, down slightly from the 5.7% growth in 2021. Inflation is expected to be 4.2% for 2022, thanks to a sharp jump in consumer prices.
  • Steel prices are expected to drop as demand falls. The infrastructure bill will have a small impact on steel prices and demand in 2022 but will drive demand in 2023. Lumber prices also are expected to drop in the first quarter of 2022.
  • All four sectors of the industry are expected to recover in 2022, though architectural signage will cool slightly due to a weakening construction market.

The report is free for ISA, ISA Affiliated Association and NASSD members. Non-members may purchase it for $1,000 per quarterly forecast. This research can be accessed at www.signs.org/quarterlyreport. IHS details more of the findings in a recorded webinar, available at www.signs.org/recorded-webinars.

Photo by Towfiqu barbhuiya on Unsplash  

The post Quarterly Economic Report Q4 2021 Shows Signs of Improvement appeared first on Sign Builder Illustrated, The How-To Sign Industry Magazine.

Published first here: https://www.signshop.com/business-mgmt/trade-associations/quarterly-economic-report-q4-2021-shows-signs-of-improvement/

Published by

Anaheim Signs

Orange County Sign Company providing, Lighted Building Letters, 3D Building sign letters, Custom Business Signs. A California Electric Sign Contractor #490521 Since 1982. Contact Us Today! Anaheim Signs 18571 E. Tango Ave. Anaheim California 92807 (714) 270-0322 https://anaheimsigns.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s