Having risen by a slim 1.1 percent over 2018, the US book industry logged $25.63 billion in revenue in 2019, according to the AAP Statshot annual report.
In looking at the May StatShot report just released by the AAP, not only is there a 12.1-percent drop in sales year-over-year but also drop-offs in returns.
The year-to-date view from the latest AAP StatShot report is better looking than the month-over-month comparison of November in 2018 and 2019.
Children’s books see a handsome bump of more than 20 percent in October, year over year, as US higher education course materials drop almost 70 percent.
Total US book sales in 2019 so far reached $11.4 billion, an increase of 4 percent over the same timeframe in 2018, per the Association of American Publishers.
Combined digital formats comprised 22.3 percent of reported US trade publishing revenue, in the first six months of this year, according to StatShot data.
The APA’s latest report on audiobook sales in the US shows that the format has seen double-digit growth for the last seven years.
In the US, book publisher revenue for April of this year was $793.5 million, down $13.1 million (-1.6 percent) compared to the same month last year.
With some softness in educational sectors, the UK industry reports its crucial export sector is holding steady ahead of the potential upheaval of Brexit.
Describing a gradual decline in revenue for the US book business, the AAP’s StatShot annual report estimates that the industry made $25.82 billion in 2018.
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