Friday, February 28, 2014

CEIR: 3% growth in U.S. exhibition industry in Q4

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.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

No comments: