Published on : Tuesday, September 5, 2017
According to the Center for Exhibition Industry Research (CEIR), the growth of the exhibition industry in the second quarter of 2017 accelerated following a temporary setback in the fourth quarter of 2016.
The performance of the industry as measured by the CEIR Total Index, registered a strong year-on-year gain of nearly 2.9% as compared to a year-over-year rise of 2.2% for real GDP.
The industry has been finally capable of outperforming the macro economy for the very first time ever since the fourth quarter of 2016.
CEIR economist Allen Shaw who is the Chief Economist for Global Economic Consulting Associates, Inc. said that the increase in the second quarter validates their prediction that economic fundamentals continue pointing to moderate growth for the exhibition industry.
Communications, information technology, home and repair, government, building, construction, etc. have all witnessed robust year-over-year gains.
Raw Materials and Science as well as Business Services saw year-on-year declines.
All the exhibition metrics in the second quarter posted year-over-year gains. Real revenues posted the largest rise of 4.0%.