CEIR Sector Events Performance Second Quarter 2014
According to the data collected by the Center for Exhibition Industry Research (CEIR) for the annual CEIR Index report, the second quarter results showed a modest 1.0 percent year-on-year growth. Growth was registered in all the four metrics with Real Revenues showing the strongest performance at 1.4 percent.
The quarter's growth was slower than, and lagged behind, the second quarter GDP growth, which was unlike the previous two quarters when index growth outperformed that of the GDP.
'Overall, the second-quarter results show a meager gain of 1.0 percent; the underlying reasons for performance can be attributed to weak exhibition performance in the construction, business, education and non-profit exhibitions sectors' says CEIR's economist Allen Shaw, Ph.D., chief economist for Global Economic Consulting Associates, Inc.
CEIR Overall Index by Sector, Year-on-Year % Change, 2014H1 Source:CEIR
The best performing sectors to-date in 2014 were Food with a 6.2 percent increase; Discretional Goods and Services (CS) with a 5.4 percent increase; and Communications and Information Technology (IT) at 4.3 percent increase. Building, Construction, Home and Repair at 3.3 percent growth; and Sporting Goods, Travel and Amusement at 3.3 percent growth, were the other two sectors leading among growth. Conversely, two sectors witnessing a down trend were the Education and Non-profit (ED) sector declining by 3.5 percent; and the Raw Materials and Science (RM) sector declining by 0.6 percent. The ED sector decline was attributed to retrenchment of state and local government expenditures, while RM sector decline was despite sound fundamentals during the same period.
CEIR serves to advance the growth, awareness and value of exhibitions and other face-to-face marketing events by producing and delivering knowledge-based research tools that enable stakeholder organizations to enhance their ability to meet current and emerging customer needs, improve their business performance and strengthen their competitive position.
About CEIR Index
As an objective measure of the annual performance of the exhibition industry, the CEIR Index measures year-over-year changes in four key metrics to determine overall performance: Net Square Feet of Exhibit Space Sold; Professional Attendance; Number of Exhibiting Companies; and Gross Revenue. The CEIR Index provides exhibition industry performance across 14 key industry sectors: Business Services; Consumer Goods; Discretionary Consumer Services; Education; Food; Financial, Legal and Real Estate; Government; Building, Construction, Home and Repair; Industrial/Heavy Machinery and Finished Business Inputs; Communications and Information Technology; Medical and Health Care; Raw Materials and Science; Sporting Goods, Travel and Entertainment; and Transportation.
Source: Center for Exhibition Industry Research (CEIR)