Friday, June 06, 2014

Exhibition industry in U.S. up 2.6%

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.”

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.

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