Exhibition Industry Marks Ninth Consecutive Positive Quarter With Meager Gains
by Michael C. LoweDecember 5, 2012
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The Center for Exhibition Industry Research (CEIR) released its third-quarter CEIR Index, revealing an increase of only 0.9 percent by the exhibition industry. All four key metrics showed slower year-over-year growth this quarter, compared with the first and second quarters of this year, with attendance only up by 1.1 percent, net square footage rising by 1.3 percent, exhibitors increasing just 0.9 percent and revenues only seeing a 0.4 percent gain. "Concern about the fiscal cliff and the global economy have continued to take a toll in the exhibition industry," said Allen Shaw, CEIR's economist and chief economist for Global Economic Consulting Associates. "The exhibition industry continues to grow, but attendees and exhibitors are being cautious due to the uncertainty about the global economy." The good news is that, despite the slowdown, this still marks the ninth consecutive quarter of growth, said Doug Ducate, president and CEO of CEIR: "We are still on a positive growth track."