Publishers sales fell in the first half of 2010 as growth in the value of exports and an "encouraging" rise in hardback sales helped offset a decline in home sales.
The Publishers Association figures, which represent roughly 76% of the industry, showed a decline of 3.8% in the value of home sales, from £576m to £555m, meaning that conditions appear to have worsened since the first quarter when the PA reported that home sales dropped 3.3%. The number of books sold fell by 6.8% from 171m, over the same period in 2009, to 159m units—a reversal of the trend seen in the first quarter when home volume sales actually rose.
The numbers are worse than this time last year when UK publishers saw their first-half sales decrease by 0.5%, with home sales down 4.3% and exports up by 5.1%
Some book categories continued to "defy expectations", with hardback books singled out. Export sales by volume for general fiction hardbacks increased 9.3% while general non-fiction hardbacks grew by 3.8%.
Read the full article: Publishers' sales decline in first half despite 'encouraging' hardback exports: