News this week: Earlier this week, the Center for
Exhibition Industry Research
(CEIR) released its index measuring the performance of the exhibition industry
in the U.S. In the fourth quarter of 2013, the U.S. exhibition industry posted a 3% growth year-on-year –
marking the 14th
consecutive quarter of year-on-year growth.
The CEIR Index consists
of four key metrics: net square
feet sold, professional visitors, number of exhibiting companies, and gross revenue. Three of the four
figures recorded growth in Q4. The largest growth was recorded in professional visitors, jumping 5.8% year-on-year, followed by
gross revenue which grew by 3.6%. The number of exhibiting companies increased by 3.0%, while
net square feet sold dropped
slightly falling by
0.5%.
CEIR’s economist
Allen Shaw, Ph.D., chief economist for Global Economic Consulting Associates,
Inc. was quoted, “With the fourth quarter’s results and 14 consecutive quarters
of growth, and our predictions closely matching outcomes, we are confident in
the continued growth and progress of the industry. The exhibition industry has
survived and emerged from the Great Recession and we are confident that the
upswing will continue.”
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