Thanks in large part to uncertainty about the looming fiscal cliff, the exhibition industry experienced "decelerated" growth in the third quarter of 2012.
According to the Center for Exhibition Industry Research (CEIR), which last week released the third-quarter results of its CEIR Index research report, showing that exhibition industry growth lagged that of the overall U.S. economy.
According to CEIR data, the exhibition industry grew by just 0.9 percent in the third quarter, compared to 3 percent in the first quarter and 1.7 percent in the second quarter. Solaris Certification
Meanwhile, real gross domestic product (GDP) — the output of goods and services produced by labor and property located in the United States — increased 2.7 percent in the same period. Sun Solaris"Concern about the fiscal cliff and the global economy has continued to take a toll in the exhibition industry," said CEIR's economist, Allen Shaw, Ph.D., chief economist for Global Economic Consulting Associates Inc.
"The results show that the exhibition industry continues to grow, but attendees and exhibitors are being cautious due to the uncertainty about the global economy."The CEIR Index measures four exhibition industry metrics — exhibiting companies, professional attendance, revenue and exhibit space — all of which showed slowed growth in the third quarter.
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