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Secondly, consolidation continues unabated in the printing industry, which equates to fewer customers for our members. Coupled with the resultant surge in used equipment on the market, this makes it tough to sell new equipment to those printers left in a shrinking marketplace. Finally, printing equipment sales are cyclical and generally follow the rise and fall in GDP. The U.S. economy is doing well, but lower growth is forecast for the coming years.
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