CEIR Index: Exhibition Industry Sees Uptick

Although the exhibition industry experienced an overall decline of 10.9 percent in the second quarter of 2009, compared to the second quarter of 2008, it actually experienced a modest 0.7 percent increase compared to the first quarter of 2009, according to the Center for Exhibition Industry Research (CEIR), which released yesterday the latest preliminary data collected for its annual CEIR Index report.

According to CEIR, the year-over-year contraction of the exhibition industry is "directly linked to the continuing recession," which the National Association of Business Economists predicted in the most recent CEIR Index—released in April—would give way to recovery during the second half of 2009.

The CEIR Index measures four exhibition industry metrics, including net square footage, which declined 10.1 percent in the second quarter of 2009, compared with the second quarter of 2008; revenue, which declined 16.9 percent; the number of exhibiting companies, which declined 12.8 percent; and professional attendance, which fared best with a relatively small 3.8 percent decline.

For more information, visit www.ceir.org.