Preliminary Q2 Numbers Mixed: A Good Sign for the Economy
First, NPES recently entered into an agreement with the Institute for Trend Research, the company led by Alan Beaulieu, to provide participating member companies with expert economic analysis and industry forecast reports. Alan has twice been a keynote speaker at NPES conferences, and both times his informative and insightful economic forecasts have been the highlight of the meetings.
Alan was one of the few experts to correctly predict the timing and severity of the downturn, and NPES members immediately saw the value in the information Alan could provide and requested that NPES work with him to provide forecasts for our industry.
The quarterly Economic Outlook Reports provided by ITR offer analysis and forecasts for the overall U.S. economy and six key industry product segments: total equipment, total pressroom equipment, sheetfed offset presses, total bindery, total graphic arts supplies and direct to metal printing plates. They also provide updates on key leading economic indicators that members can use to predict their own future activity.
These quarterly reports, with an annual value of nearly $20,000, are provided at no cost to those NPES member companies that participate in the NPES Market Data Program. Those member companies that do not participate in the Market Data program will receive a limited report with the basic information on total equipment and supplies.
Second, as another value–added service to those members that participate in the Market Data program, NPES recently signed an agreement with Equipment Data Associates (EDA) to offer participating companies a 20% discount on EDA’s data services. EDA collects purchasing and financing information for buyers of printing equipment from UCC (Uniform Commercial Code) data, and companies that subscribe to EDA’s services can mine their extensive database to find out exactly who is buying which pieces of equipment and when they made that purchase or lease. Armed with that information, NPES members can identify previously unknown customers in today’s changing marketplace.