According to the latest recently released edition of County Business Patterns, in 2020 there were 5,563 establishments in NAICS 323113 (business screenprint). This represents a 25% increase since 2010. In macro news, 2Q GDP was revised up to -0.6%.
The latest edition of County Business Models was recently released, which includes 2020 data. (CBP 2020 data reflects March establishment counts – so these numbers predate COVID.)
At the beginning of 2020, there were 5,563 establishments in NAICS 323113 (commercial screen printing). This represents a 25% increase since 2010, the only commercial printing category that has seen consistent (or no) growth in the number of establishments. This is thanks to the rise of specialty printing. Screen printing is commonly used to print on textiles (t-shirts being the iconic example), and these types of promotional items have really started to take off in the last decade. Add to this the rise of near-term and digital technologies that can complement the screen, and as the demand for specialty items has grown, establishments have expanded to take advantage of this printing application area. hot. It’s very common to find hybrid screenprint/digital shops, and even hybrid screenprint/digital workflows for the same products, much like the “digital printing on offset shells” approach that was once very popular (and still exists in a large extent) among commercial printers. And let’s not forget the growth of industrial printing, in which screen printing and pad printing also play a very important role.
Small shops (1-9 employees) still make up the bulk of the screen printing industry, accounting for 75% of all establishments. Larger stores represent only 4% of establishments in the industry, with medium-sized stores accounting for about one-fifth of establishments. These percentages haven’t changed much since at least 2010.
These figures are based on data from the Census Bureau’s County Business Models. Throughout this year, we will update these data series with the latest CCP The figures. County Business Models includes other data, such as number of employees, payroll, etc. These figures are broken down by classification of commercial printing companies (based on NAICS, the North American Industry Classification System):
- 323117 (Printing of books)
- 32312 (Print support activities, i.e. prepress and postpress services)
This data and overall year-over-year trends, like other demographic data, can be used not only for business planning and forecasting, but also for allocating sales and marketing resources.
Yesterday the Economic Analysis Office released its second estimate of Q2 GDP:
Real gross domestic product (GDP) shrank at an annual rate of 0.6% in the second quarter of 2022 (Table 1), according to the “second” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP fell by 1.6%.
The GDP estimate released today is based on more complete source data than was available for the “advance” estimate released last month. In the prior estimate, the decline in real GDP was 0.9%. The update mainly reflects upward revisions to consumer spending and private inventory investment which were partly offset by a downward revision to residential fixed investment
If you want to dig into a detailed comparison of the two estimates, check it out. here.