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In Q3 2020, 97% of exhibitions in the United States will be cancelled From CEIR

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The exhibition industry research center (CEIR) reported that the exhibition industry was still stagnant in the third quarter of 2020, with about 97% of scheduled activities cancelled. As a result, the CEIR total index is down 98.1% from a year ago.

The novel coronavirus pneumonia is still stagnant despite the fact that the economy has rebounded in the third quarter. The second wave of outbreaks in July prompted several States to withdraw plans to reopen their economies and impose strict group size restrictions, all of which led to the cancellation of trade shows. About 3% of the activities are indeed small regional activities. The continuation of strict regulations imposed by States and municipalities, as well as the ongoing corporate policy of banning travel, led to the cancellation or postponement of most of the events originally scheduled for the third quarter to 2021.

Excluding cancellations in the third quarter, the total index fell 36.1%. All the exhibition indicators showed a significant year-on-year decline. Visitors fell the most, by 57.6%, exhibitors by 29.2% and net square feet (NSF) by 26.3%. Real income is 24.6% lower than a year ago.

The US economy has been growing since May. With a sharp rebound in the third quarter, real GDP is only 3.5% below its peak in the fourth quarter of 2019. Recent monthly economic indicators show continued moderate growth in the fourth quarter, although new restrictions in some states will curb recovery around the beginning of the year. The novel coronavirus pneumonia rate is likely to slow down in the first quarter of 2021, as Congress fails to pass the fourth phase of the rescue plan and the new rate of new cases of new pneumonia is relatively high.

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