Economic crisis continues for the graphic arts industry
The graphic arts industry did not feel much of the economic recovery in the first quarter of 2010. The industry's real gross value added declined by 5.4 percent compared with the same period a year earlier.
According to SDA, the Swiss Association for Visual Communication (Viscom) and the economic researchers at Bak Basel jointly announced on Whit Monday that the average value for the economy as a whole had increased by around 1 percent over the same period. In 2009 as a whole, the value in the graphic arts industry even fell by a record 9.9 percent.
Nevertheless, the improved economic environment in the coming months should also help the graphic arts industry out of the crisis, the report continued. However, in view of the sharp downturn in 2009, the path out of the deep valley will be longer and more difficult than for many other Swiss industries.
Nevertheless, the improved economic environment in the coming months should also help the graphic arts industry out of the crisis, the report continued. However, in view of the sharp downturn in 2009, the path out of the deep valley will be longer and more difficult than for many other Swiss industries.
