Book Sales Resurgent in Europe

There might be some truth to the idea that books weather recession well. The New York Times reports that book sales are up in Europe despite a harsh recession:

That resilience has been particularly evident in Continental Europe. After a dip in the fall, the number of books sold in France rose 2 percent in December from a year earlier and 2.4 percent in January, according to Livres Hebdo, a trade publication.

The trend has been similar in Germany, where the number of books sold rose 2.3 percent in January, according to the Börsenverein des Deutschen Buchhandels, a trade organization. Analysts say many other European markets have also shown gains.

In the United States and Britain, book sales have been slightly less robust, falling by a fraction of 1 percent in both countries last year, according to Nielsen BookScan. Sales in the United States were down about 1 percent in the first 10 weeks of this year.

For more on the chances of the U.S. book market rebounding, see my Publishing in a Recession series of interviews.



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