Exhibition Industry Reports Continued Growth in Third Quarter

Business Growth Chart

The exhibition industry grew for the 21st consecutive quarter in the third quarter of 2015, although its pace of growth decelerated from the first half of the year, according to the Center for Exhibition Industry Research (CEIR), which today released the third-quarter results of its periodic CEIR Index research report.

The report finds that overall exhibition-industry growth totaled 3.1 percent in the third quarter, down from 3.7 percent in the second quarter and 4.5 percent in the first quarter.

"The strong growth of the CEIR Total Index during the first three quarters of the year, averaging 3.8 percent, and robust employment gains during the past three months should result in a stalwart performance of the exhibition industry for 2015 as a whole," said CEIR Economist Allen Shaw, Ph.D., chief economist for Global Economic Consulting Associates Inc.

Along with overall performance, the CEIR Index measures year-over-year performance in four industry metrics: attendance, which grew 1.6 percent; revenue, which grew 4.6 percent; net square feet of exhibit space sold, which grew 3.3 percent; and exhibiting companies, which grew 2.9 percent.

Concluded CEIR President and CEO Brian Casey, "We are very encouraged to see three very strong quarters of growth for the year. We will be watching with great interest how the year ends based on fourth quarter results, and anticipate growth to continue into 2016 and 2017."

MeetingNews Minute is now 30 Seconds to Smart. Up your meetings-industry IQ now!