The Center for Exhibition Industry Research (CEIR) has claimed the fourth quarter of 2013 marked the 14th consecutive quarter of year-on-year growth and the highest increase since 2012 Q1.
According to the research, the overall health of the trade show industry received a huge boost in the fourth quarter, ending 2013 on a high note with an increase of three per cent compared to just 0.4 per cent increase in the third quarter of the same year, and 0.7 per cent growth recorded in the fourth quarter of 2012.
“With the fourth quarter’s results and 14 consecutive quarters of growth, and our predictions closely matching outcomes, we are confident in the continued growth and progress of the industry,” said CEIR’s economist Allen Shaw, and chief economist for Global Economic Consulting Associates.
“The exhibition industry has survived and emerged from the great recession and we’re confident that the upswing will continue,” he added.
The year ended at one per cent overall growth, in line with economist’s predictions as published in the 2012 CEIR Index Report. The report stated that the exhibition industry ‘turned the corner’ and outperformed the macro economy as real GDP gained 2.7 per cent year-on-year during the same period.
CEIR president and CEO Brian Casey, CEM said: “Performance varied by industry, and the top performing sector was Industrial/Heavy Machinery and Finished Business Inputs (ID) where the index increased by 6.9 per cent. In contrast, the weakest sector was Government (GV), where the index declined.
“This was not surprising since the industry was negatively affected by government budget cuts impacting trade shows.”
The full 2013 CEIR Index with three-year projection will be released in April.
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