Overall exhibition industry grew 1.0% marking the sixteenth quarter of consecutive growth. The sectors leading in performance to-date in 2014 are Food, increasing 6.2 percent; Discretional Goods and Services (CS), increasing 5.4 percent; and Communications and Information Technology (IT), increasing 4.3 percent.
CHICAGO – At the CEIR Predict Conference, the Center for Exhibition Industry Research (CEIR) released second quarter data collected for the annual CEIR Index report, and the results marked a modest year-on-year gain of 1.0 percent. All four metrics posted year-on-year gains with the strongest performance in Real Revenues, which rose 1.4 percent. The growth of the exhibition industry lagged behind GDP during the second quarter of 2014, a reversal of the previous two quarters.
Quarterly CEIR Total Index for the Overall Exhibition Industry Vs. Quarterly Real GDP, Year-on-Year % Change, 2008Q1-2014Q2
“Overall, the second-quarter results show a meager gain of 1.0 percent; the underlying reasons for performance can be attributed to weak exhibition performance in the construction, business, education and non-profit exhibitions sectors” says CEIR’s economist Allen Shaw, Ph.D., chief economist for Global Economic Consulting Associates, Inc.
The sectors leading in performance to-date in 2014 are Food, increasing 6.2 percent; Discretional Goods and Services (CS), increasing 5.4 percent; and Communications and Information Technology (IT), increasing 4.3 percent. Conversely, the Education and Non-profit (ED) sector declined by 3.5 percent, which is attributed to retrenchment of state and local government expenditures. The Raw Materials and Science (RM) sector declined by 0.6 percent, even though fundamentals remained sound during the same period.
CEIR Overall Index by Sector, Year-on-Year % Change, 2014H1
As an objective measure of the annual performance of the exhibition industry, the CEIR Index measures year-over-year changes in four key metrics to determine overall performance: Net Square Feet of Exhibit Space Sold; Professional Attendance; Number of Exhibiting Companies; and Gross Revenue. The CEIR Index provides exhibition industry performance across 14 key industry sectors: Business Services; Consumer Goods; Discretionary Consumer Services; Education; Food; Financial, Legal and Real Estate; Government; Building, Construction, Home and Repair; Industrial/Heavy Machinery and Finished Business Inputs; Communications and Information Technology; Medical and Health Care; Raw Materials and Science; Sporting Goods, Travel and Entertainment; and Transportation.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
