State of the Industry: Print and Packaging
Printing Industries of America’s Ronnie H. Davis, Ph.D., vice president and chief economist, and Edward Gleeson, manager of economic and market research, provide an overview of the economy as it relates to general and package printing.
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In this extreme economic climate, print markets hit the wall in mid-year 2008 and continued to fall throughout 2009. The Print Market Index fell throughout 2007, 2008, and the first quarter of 2009 before reaching an all-time low and recovering slightly in the second quarter.
Over the course of a typical business cycle, nominal printing shipments tend to lag economic recoveries and lead economic declines (Fig. 1). This pattern will most likely continue with the current recession and recovery.
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- Companies:
- Printing Industries of America, Inc.
- People:
- Ronnie H. Davis
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