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The book market grows as a whole but small bookshops face increasing pressure

Günter Weitzel
ifo Institut für Wirtschaftsforschung, München, 2005

ifo Schnelldienst, 2005, 58, Nr. 23, 36-41

For the book market as a whole, 2005 was quite positive in comparison to the overall situation in retailing. The expanding online-market and also strong sales growth in audiobooks helped the sector expand by 2½% to 3%, whereas sales in retail bookshops stagnated. In particular the smaller bookshops recorded declining sales.

JEL Classification: L820

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ifo Institut für Wirtschaftsforschung, München, 2005