Page 30 - Value_Of_Print
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The Value of

PRINT








By the Numbers








W
print 
hen compared to general economic cycles, 
typically leads recessions and lags recoveries 
so 

that printing shipments turn down earlier as the recession 


begins and turn up slower once the economy recovers. 
Print does best when the economy reaches 

a mature recovery phase. print 
In this sweet spot 
may outpace the economy 

for a few quarters.



Proiling Economic Cycles



Typical Pattern: The Economy & Print


5 

4 


3 


2 


1 

0

Mature Mature 
–1 Recovery
Recovery


–2

Recession
Recovery
–3 

–4

Annual % change in inlation-adjusted GDP and printing shipments


Economy Printing







By the Numbers

By the Numbers




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