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Friday’s Employment Data: All This Dynamic Inertia and No Place to Go

By on June 9th, 2013 - Comment

Last Friday’s employment report showed that the unemployment rate went up to 7.6% but the change was so minor that it was basically the same we’ve been seeing for a few months. The there are many trends buried in the tables that are more interesting than the unemployment rate. On a net basis with revisions…

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April Printing Shipments Rise +$49 Million; January to April Shipments Down -0.6%

By on June 6th, 2013 - 6 Comments

Printing shipments for April were up by $49 million (+0.7%) compared to 2011, but down by -$22 million after adjusting for inflation. Shipments were $6.773 billion in current dollars. March printing shipments, already revised in the benchmark five-year revision just released about two weeks ago, were revised down by -$67 million. This made March shipments…

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Recovery Indicators Still a Mixed Bag, but the Bag May Have a Leak

By on June 6th, 2013 - Comment

This month’s recovery indicators show an economy that stumbled a bit. Last month it was a mixed bag, this month the bag leaks. The NASDAQ is up since last month, but in the last few days has taken a beating with other parts of the stock market. The ISM non-manufacturing new orders increased, but imports…

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Did You Choose Your Market Niche or Did You Get It by Default?

By on May 30th, 2013 - Comment

For many years, experts have told printers to focus on particular niches in their sales and marketing. The purpose is that each niche has unique characteristics that once understood give the printer a competitive advantage in understanding the unique needs and wants that companies in that niche have. This assumes of course that the pursuit…

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US Commerce Department Revises Last Two Years of Printing Shipments Up Slightly

By on May 23rd, 2013 - Comment

The US Commerce Department issued its annual update of manufacturing shipments data last Friday. The bottom line is that they increased each of the last two years by about $1 billion, but the increases were not enough to increase annual shipments after inflation. The revision process is constant. Every year, five historical years are revised,…

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Latest Commercial Printing Demographics Show 1,200 Fewer Establishments

By on May 15th, 2013 - 4 Comments

The Commerce Department recently released the latest edition of County Business Patterns data about the number of US business establishments in 2011. Those data indicated that commercial printing establishments declined -4.1% compared to 2010. The biggest percentage declines were in establishments with 500 to 999 employees (between about $90 million to $200 million in sales),…

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Q1 2013 US Commercial Printing Shipments Nearly Flat with 2012; March Shipments Down

By on May 3rd, 2013 - Comment

US commercial printing shipments for the first quarter were down -$42 million compared to 2012 (-0.22%), at $19.3 billion. Q1 shipments may have been distorted by a strong January, likely caused by delayed buying by small businesses as they delayed purchases in tax planning efforts in December 2012. March 2013 shipments were $6.771 billion, down…

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The Mixed Economics Bag Gets a Mild Shake

By on May 3rd, 2013 - Comment

This month’s recovery indicators had just a minor stumble, as the ISM Non-manufacturing new orders tripped over a pebble; otherwise, all of the indicators are higher than last month. (click chart to enlarge) The new orders index is still above its level at the start of the recession and indicates moderate growth. The same is…

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Terry Nagi, Consultant, and Former PIA Executive, Passes Away

By on April 29th, 2013 - 12 Comments

Neil Richards, retired market research executive (and legend) of Kodak, spread the word about the end of Terry Nagi’s battle with brain cancer the other day after getting the news by phone from Terry’s wife, Barbara. I’ve known Neil for more than thirty years, and it was Neil who introduced me to Terry. At the…

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GDP Report Shows Struggling Economy; Should You Use GDP as a Benchmark?

By on April 29th, 2013 - Comment

Last Friday’s GDP report for Q1-2013 came in lower than expectations at +2.5%. That is an annual growth rate compared to Q4-2012. That looked like a pickup in activity compared to Q4-2012 which was +0.4%. Because of the changes in tax rates, there were distortions in the Q4 data as companies reduced spending, slowing real…

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