Q1 Paper Outlook — The Price Is Right

And the terrorist attacks seemed to only delay what appeared to be the beginning of an economic recovery. Paparozzi reports that prior to September 11, NAPL surveys showed there were some early signs that the economy might be beginning to stabilize.

"A lot of our indicators were beginning to stabilize. They were even beginning to climb in August 2001. Our Printing Business Index Activity Indicator had actually risen from a record low of 38.5 percent back in May, all the way up to 48.9 percent in August. In August—for the first time in almost a year—more of the printers that we surveyed reported that business was picking up rather than slowing down."