Book sales up 4 percent

Rebounding after years of low sales, the publishing industry posted gains of more than 4 percent last year. The Book Industry Study Group said the unit sales of adult trade books are projected to grow more than 2 percent annually through 2003.

The BISG also forecast lukewarm sales for trade publishing, which produces novels and nonfiction, and more robust sales for college texts and business titles. According to Book Industry Trends 1998, domestic consumers are expected to spend $32.8 billion on books by the year 2002, up from an estimated $21.2 billion in 1992.

Other points of note:

*Childrens books sold more than 364 million copies in 1998, up 6 percent.

*Popular fiction dominated e-commerce sales at 33 percent, followed by technical, science, and education (14 percent) and cooking and crafts (12 percent).

*Households with less than $30,000 income bought 41 percent of all books, with those of more than $75,000 next at 25 percent.

*Households in the Pacific states, were the heaviest book buyers, contributing 19 percent of all purchases.

(c) Copyright 1999. The Christian Science Publishing Society

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK