The global record industry saw trade revenues drop by 3% in 2011 to $16.3 billion. The International Federation Of The Phonographic Industry noted that the 3% drop represented a "significant slowing in the fall of the market". Physical sales worldwide slumped 8.7%, but an 8% boost in digital income helped limit the impact overall of the continued decline of the CD. Vinyl ow accounts for about 1% of global record sales. For the first time the IFPI also published figures for its members' sync revenues, which brought in $342 million globally in 2011, while the public performance royalties generated by sound recordings worldwide were also up, by 4.9% to $862 million.
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