Institutional library materials spending in North America is expected to rise a modest 1% in 2016, while spending in Europe is expected to decline by 0.1%, according to a survey released this week.
Overall, institutional library (academic, government, corporate libraries) spending on materials (which includes all information products; books, serials, databases, etc.) is projected to rise 1.4% across the globe, paced by growth in the Middle East and Africa, where the highest levels of budget growth are expected (4.2%) followed by Asia Pacific (2.8%) and South America (2.1%).