Chicago, IL – “As a Cubs fan would say, wait until next year and it will be better,” Ryan Sweet, director and senior economist, Moody’s Analytics told attendees in regards to the U.S. economy at the Center for Exhibition Industry Research (CEIR) Predict Conference. Moody’s Analytics expects U.S. GDP growth to approach 3% in 2014 and 3.5% in 2015, said Sweet.
If these forecasts hold true, U.S. GDP growth will outpace the exhibition industry over the next two years. The exhibition industry overall is forecasted to grow 2.0% in 2014 and 2.9% in 2015, according to the just-released 2014 CEIR Index Report.
The 4th annual CEIR Predict drew 114 executives to the Intercontinental Hotel Chicago on September 11, compared with 150 attendees in 2013 in New York. “We revamped the program and cut the number of speakers, so that’s reflected in the attendance numbers,” said CEIR President & CEO Brian Casey.
After spending its first three years in New York, the conference was moved to Chicago for the first time. CEIR Predict provides a global economic outlook and forecast, as well as sector analysis from the 2014 CEIR Index Report. Ron Insana, host of a nationally syndicated daily radio show and a senior analyst and commentator for CNBC, moderated this year’s program.
The exhibition industry grew slightly faster than GDP in the 1st Quarter 2014 but trailed GDP growth in the 2nd Quarter 2014, said Casey. “In the first half of 2014, the four key metrics – nsf, exhibitors, attendance and real revenues — grew year-over-year,” he said. “Real revenues led the way with 1.9% growth.”
TSE will provide more coverage, including an in-depth analysis by sector and an M&A forecast in print and online.
Reach Brian Casey at (972) 687-9242 or email@example.com