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Record

Card print troughs against their pre-boom run-rate: the product layer ratchets too, 2007–year to March 2026

2007–year to March 2026

EstimateOur model or estimate. Treat it as an order of magnitude.

The values

  • Trough over 2007 15 run rate, year to March 2019: 1.44 to 1.65
  • Over 2007 15 run rate, year to March 2018: 2.06 to 2.27
  • 26 avg over year to March 2020, year to March 2025: 3.05 to 3.42
  • 26 avg over year to March 2021 mixed basis, year to March 2025: 2.64 to 2.94

Where it comes from

Our calculation from other figures in the trainer’s notes:

Show the working
  1. 1.4/0.97=1.44
  2. 1.6/0.97=1.65
  3. 2.0/0.97=2.06
  4. 2.2/0.97=2.27
  5. 10.05/3.3=3.05
  6. 10.6/3.1=3.42
  7. 10.05/3.8=2.64
  8. 10.6/3.6=2.94