Quarterly Economic Report Shows Lower Commodity Prices and Uncertainties Impacting Industry Segments
The sign, graphics and visual communications industry is expected to face a tightening market in 2019 and perhaps under-perform in 2020, the report anticipates. The second half of 2019 will be marked with uncertainty and potentially a flattening of several specific industry sectors. But bright spots include a surprising drop in steel prices—well below the 25 percent tariff premium—and lower pulp prices. The overall global economy faces uncertainty, with struggles in China and Brexit-related concerns in Europe. Closer to home, gross domestic product topped 3 percent in the first quarter, but is expected to weaken throughout the rest of 2019 into 2020.
Working with career and technical educators is crucial to ensuring the sign, graphics and visual communications industry has the skilled workforce it needs to expand and maintain its place as one of the fastest growing industries in the world.
Four years ago today, the Reed v. Town of Gilbert's unanimous ruling affirmed that sign regulations cannot be content-based, and since forced thousands of communities across America to revise their local ordinances to make sure they don’t violate the First Amendment rights of sign users.
Each year, ISA gathers information on the current issues, opportunities and challenges facing the on-premise sign, graphics and visual communications industry. Would you please participate in this year's survey?
This year's multidisciplinary event welcomed almost 800 attendees, including 50 students and planners who were accepted into the 2018 SRF Scholars Program, for two days of education and a tour of Las Vegas' iconic signs in the famous Neon Museum.
On May 20, 2019, Chicago's citizens elected Lori Lightfoot. Mayor Lightfoot has already taken an important step towards improving sign codes by signing Executive Order 2019-2, which aims to eliminate aldermanic prerogative. The goal of this Executive Order is not to remove aldermanic input on issues like signs, but to put an end to an alderman's ability to unilaterally approve, affirm, block, or veto a departmental decision on administrative items.
Looking to recruit the best employees? More than half of companies in the sign, graphics and visual communications industry have difficulty in finding qualified workers to hire. ISA has solutions to help you find skilled employees to fill this gap.