Paris, 25th July: Last week, UFI, the Global Association of the Exhibition Industry, released its latest biannual, Global Barometer Survey, designed to assess the state of global exhibition industry. According to the survey, the first half of 2019 is expected to be weaker than 2018 in terms of revenue growth.
In terms of operating profit about 80% of the surveyed companies maintained a strong performance in 2018. However, the outlook for 2019 is expected to be lower primarily due to the expectation of slower global economic growth.
Kai Hattendorf, UFI Managing Director/CEO, said, “Exhibitions mirror markets – therefore a slowdown in global economic growth also affects the exhibition industry, as this latest edition of our UFI Global Barometer shows. But the data also proves that exhibitions are not just resilient, but show a consistently strong performance and growth opportunities in many core markets around the world.”
The survey concluded in July 2019 with 322 companies in 57 countries and regions responding to UFI’s questionnaire. The survey also includes the outlook and analysis for 16 countries and regions such as Australia, Brazil, China, Germany, India, Indonesia, Italy, Japan, Macau, Mexico, Russia, South Africa, Thailand, the U.K., the U.S., and Argentina for the first time.