News this week: The Center for Exhibition Industry Research (CEIR) recently released its first quarter index measuring the
performance of the U.S. exhibition industry. CIER’s
overall index recorded
a 2.6% increase - which
outperformed the country’s GDP growth of 2.0%.
The CEIR Index
includes four metrics: net square feet of exhibit space sold, professional attendance,
number of exhibiting companies, and gross revenue. All four metrics recorded
increases in the quarter with net square feet and revenue recording the highest
growth (2.9%). The number of exhibiting companies was up by
2.8% and attendance numbers increased 1.7%.
CEIR’s economist
Allen Shaw, also chief economist for Global Economic Consulting Associates,
Inc., commented, “We are very pleased by the first-quarter results which are positive
and confirm our forecast that ongoing growth is still anticipated for the
exhibitions and events industry. The performance in the first quarter was quite
remarkable considering the fact that the east coast was frequently paralyzed
under severe winter weather. With 15 consecutive quarters of growth, we are
confident in the continued growth and progress of the industry.”
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