The Direct Marketing Association, in presenting the findings from their study, The Power of Direct, at the recent DMA06 convention, said that DM driven sales are expected to slow somewhat in 2007, but not as much as total US sales.
Ken Magill, in summarizing part of the report, notes that direct marketing spending is expected to be $175.2 billion in 2007, up 5.2% from $166.5 billion in 2006. Also, direct marketing-related sales are expected to grow 6.5% in 2007 to $2.064 trillion, according to the DMA.
Peter Johnson, the DMA's vice president of research and market intelligence, said "... While direct marketing-driven sales are expected to grow 6.5% in 2007, total U.S. sales are expected to grow 3.9%... with direct marketing's superior growth rate into 2007, direct marketing will help bolster the economy."
Direct marketing is expected to account for 10.3% of U.S. GDP in 2007,
according to the DMA.
For more on the convention, please visit here.