- July 01, 2010
RESTON, VA | NPES, The Assn. for Suppliers of Printing, Publishing and Converting Technologies, examined the preliminary Q4 2009 GDP data from the Bureau of Economic Analysis in a recent newsletter.
The data showed the output of goods and services increasing at an annual rate of 5.7%, an increase from Q3 growth of 2.2%. The question, said NPES, was “When will that translate into improved sales for our industry?” The answer: “…it now appears we may have turned the corner going into 2010 as the fourth quarter 2009 data has shown a significant increase of 88.1% over the third quarter 2009 and 35.7% over the same quarter 2008 to approximately $392.3 million.”
However, the NPES report adds that much of the improvement in the economy came as a result of government stimulus programs, so it can't be known yet whether the growth will continue as the programs end.
For more information visit www.npes.org.
What's happening at your company? Send your news to firstname.lastname@example.org.