USA - Growth of the overall North American exhibition industry outperformed the American economy in the first half of 2011, according to the Center for Exhibition Industry Research (CEIR).
Semi annual data released by the organisation shows the overall exhibition industry gained 2.4 per cent during the first half of 2011, while the US GDP only increased by 1.9 per cent.
"During the first half of 2010, the exhibition industry lagged behind the macro economy. After two consecutive years of decline, the total CEIR Index dropped, tumbling 4.4 per cent from a year ago, compared to a year-on-year increase of 2.7 per cent in real GDP,” said CEIR economist Allen Shaw. “The exhibition industry finally emerged from the Great Recession and saw an impressive rebound in the second half of 2010, gaining 4.4 per cent from a year ago. The latter was stronger than an increase of 3.3 per cent in real GDP.
“After the impressive rebound in the second half of 2010 of 4.2 per cent, the growth of the CEIR Index in the first six months of 2011 steadied to 2.4 per cent in spite of the U.S. economy weakening. Overall, the exhibition industry outperformed the economy as real GDP gained only 1.9 per cent year-on-year and payroll employment was relatively flat."
CEIR anticipates the growth will continue through 2011.
This and other topics, including the recent downgrade of the US economic rating will be discussed at the upcoming CEIR Predict conference on 15 September at the Time Warner Center in New York City.
Any news? Email mtrudeau@mashmedia.net
