The American Association of Publishers released a new report today with the latest stats on the US book market. As with their past monthly reports, the AAP has released the bare statistics to the press, and from what I can see the news is generally good.
Based on the net revenues reported by 1,209 publishers, the AAP reported on Wednesday that the US trade book industry increased by 4.1% in the first 7 months of 2014 ($3.57 billion to $3.7 billion).
The adult segment showed a drop in sales of 2.2%, while the religious pressed reported an increase of 1.9%. Much of the latter could probably be attributed to an increase in the sale of religious ebooks, which saw a 25.7% increase over the same period in 2013.
The best performing segment was kids/YA, which shot up by 25.8% ($762 million to $958 million). This includes a 59% jump in YA ebook revenues, thought the specific value for that segment has not been shared.
In terms of formats, downloadable audiobooks continued to be the fastest growing format remain with a +26.2% growth over the same period in 2013. eBooks came in a distant second increasing by 7.5% ($871 million to $937 million). Hardback books dipped by a fraction of a percent, while sales of paperback book grew by a not insubstantial 5.3% ($1.08 billion to $1.13 billion).