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June 2012 US Commercial Printing Shipments Up +$139 Million Compared to 2011

The US Commerce Department report of US commercial printing shipments for June 2012 was $

By Dr. Joe Webb
Published: August 2, 2012

The US Commerce Department report of US commercial printing shipments for June 2012 was $6.85 billion, up +$139 million compared to last year (+2.1%). On an inflation-adjusted basis, shipments were up +$27 million (+0.4%). For the first half of 2012 shipments were $40.1 billion, down -$400 million (-1.2%) compared to the same period last year, and down -$1.4 million (-3.4%) on an inflation-adjusted basis. (click chart to enlarge) Comparing the 12-month period of July 2011 to June 2012 to the similar period of the year before, current dollar shipments were down -1.5% and -4.3% on an inflation adjusted basis. (click table to enlarge). In May, the Commerce department issued significant revisions to its historical data. The details of those significant changes were discussed in a blog post at that time. The shipments of May 2012 appear to be part of a problem with the Commerce Department data's seasonality. This was a topic of a recent column. Because of those changes to seasonality, which may be corrected in next year's data revision, it is important to look at data on a 12-month moving total basis, and comparisons of individual months may not be as reliable as they were in the past.

Dr. Joe Webb is one of the graphic arts industry's best-known consultants, forecasters, and commentators. He is the director of WhatTheyThink.com's Economics and Research Center.

What do you think? Please send feedback to Dr. Joe by emailing him at drjoe@whattheythink.com.

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