May's current dollar commercial printing shipments were down by -$165 million compared to May 2006, a decline of -1.9%. This was the first monthly decline for the year. For the first five months, shipments are up $765 million.
On an inflation-adjusted basis, shipments were down -$391 million, or -4.5%. For the first five months, shipments are down -$284 million.
A complete discussion will be in my column of Monday, July 9.
