Wednesday, January 04, 2006
November 2005 Shipments -6%... Worst Showing of the Year
-5.4%. 2005 looks like it will be -3.3% overall, but on an inflation-adjusted basis, it's -6.0% compared to 2004 and -9.7% compared to 2003. I was recently chatting with someone about comparisons with GDP, and the GDP growth of around +3.5% to +3.8%. That's real growth, however; in current dollars GDP is up +6.0 to +6.5%. So the difference in economic growth is actually GDP +6.0% compared to -3.3% for printing, or a 9.3 percentage point spread. I know people like to call me "Dr. Doom" (and then whisper to me that they know I'm right but they're afraid to say that to their bosses), but I'm just saying what the data plainly say for themselves.
There's more detail in the latest PrintForecast.com Data-to-Go release, just posted on the e-store.