Group predicts flat book sales through end of decade: According to the latest report from the Book Industry Study Group, released Friday, dollar sales and the number of books sold will increase by small levels through 2011, rising by 3 percent or less each year.
The book business totaled $35.7 billion in 2006, a 3 percent increase over the previous year. The number of books sold rose to 3.1 billion, an increase of just half of one percent. Competition from other media is stronger than ever, the overall economy remains tight and, says BISG senior researcher Albert N. Greco, the industry may be too old to expect truly dramatic expansion.
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