Posted: 10/19/2020
The U.S. economy is expected to come roaring back with a 33 percent GDP gain in the third quarter, according to the Sign Industry Quarterly Economic Report for the second quarter. Growth will fade to 3.7% in the fourth quarter as catch-up spending wanes, fiscal support dissipates, and COVID-19 infections remain high, analysts say. Overall, 2020 will feature a 3.7% contraction in GDP.
Globally the rebound is much more uneven. The world GDP is expected to fall 4.8% in 2020, its steepest decline since 1946.
The report covers the third quarter of 2020 and was prepared in September. It is sponsored by the National Association of Sign Supply Distributors (NASSD). 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:
Those interested in learning more about the ISA Sign Industry Quarterly Economic Report, including the outlook for the rest of the year, can participate in a webinar hosted by ISA at 2 p.m. ET/11 a.m. PT Wednesday, October 21. Register at www.signs.org/webinars. The webinar is free for ISA, ISA Affiliated Association and NASSD members, or $100 for non-members.
The report also 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.
