the June 2008 Issue in PDF Format - Trade Show Executive

More documents

Recommendations

Info

T r e n d i n g & S p e n d i n g Sponsored by Trade Show Executive’s Trending & Spending Forecast Fig. V: Sector Performance Best Performing Sectors • Automotive • Manufacturing • Business Services • Medical • Entertainment • Hospitality • Government • Transportation Mixed Performance • Apparel • Sporting • Construction Goods & • Food Recreation • Gifts Improving Sectors • Retailing • Technology Fig. VI: 10 Economic Indicators Consumer Confidence: The Consumer Confidence Index continues to fall, and reached a five-year low of 57.2, down from 62.8 in April. Housing Starts: New home construction posted the largest increase in more than two years in April, gaining 8.2%. Building permits jumped 4.9%. Industrial Production: Industrial production declined 0.7% in April after rising 0.2% in March. Inflation: Core inflation, which excludes volatile food and energy costs, rose 0.4% in April, twice as fast as March. It has been at or near the upper end of the Fed’s comfort zone for several months. Interest Rate: The Fed cut the Federal Funds rate to 2% in April, following a dramatic three-quarter percentage point cut in March. The Fed has signaled that this may end its most aggressive rate-cutting campaign in two decades. Job Growth: Employers trimmed jobs in April by 20,000. This was less than expected and not as severe as in March when payrolls dropped by 80,000 jobs. Leading Indicators: The Leading Index increased slightly in April for the second month in a row, after five straight months of decline. Stock prices, interest rates and housing permits positively impacted the index. Manufacturing: The ISM Manufacturing Index edged up 0.3 percentage points to 48.6 in March but remained below the expansion/contraction line of 50 for the third straight month. Bright spots include continued strength in new export orders. Retail Sales: Stripping out volatile auto sales, retail sales rose 0.5% in April, well above the 0.2% increase expected. Unemployment Rate: The unemployment rate reached 5.0% in April, up slightly from 4.7% in March. Employment continued to decline in construction, manufacturing and retail. Jobs were added in health care and in the professional and technical services sector. Sources: U.S. Department of Labor, Bureau of Labor Statistics; The Conference Board; The Institute for Supply Management (ISM); U.S. Commerce Department Continued from page 14 just creates a negative psychological environment for decision makers and can be self-fulfilling,” Chow believes. Even the Bloomberg headline from the most recent survey from the prestigious National Association of Business Economists (NABE) is bewildering: “U.S. Recession to End by September, Business Economists Say.” The economists predicted the GDP would rebound to 2.1% for the second half of 2008. GDP has been as low as 0.4% for Q2 of 2008 and 0.6% in both Q1 of 2008 and Q4 of 2007. Yet despite the fact there were no quarters with negative GDP growth, 56% of the forecasters predicted a recession this year, even though they maintained that the worst of the U.S. credit crunch and housing slump is almost over. Not all economists or consumers believe the worst is over, said Chow. “Some analysts think we are in the calm before the next storm,” he pointed out. The University of Michigan preliminary consumer sentiment survey for May fell to a 28-year low reading of 59.5 from 62.6 in April and was below the 62.0 economists expected. Acquisitions, Trade Show Growth Help Prop Up the Economy “By now, it should be obvious that the direction of the economy is uncertain at this time,” Chow said. However, the fact that many show organizations and vendors have access to ample amounts of capital for acquisitions or to buy back stock is a good sign. Unlike prior recessions, corporate America and the trade show industry may help keep the economy humming even if consumers scale back their spending. New Member of Exposition Forecasting Board Jack Chalden, vice president of business development and industry relations for BDMetrics, has joined the Exposition Forecasting Board of Trade Show Executive and will submit monthly forecasts and commentary. Chalden has 36 years of executive management experience, running ten of the nation’s largest trade shows in five industry sectors. He was general manager of SUPERCOMM; executive vice president of the Atlanta Market Center, Inc.; vice president of ECI, which produced the Wescon, Midcon and Electro events; vice president of Concrete Construction Publications, where he launched the World of Concrete; and vice president of the Illinois Lumber & Material Dealers Association. Chalden is active in many industry organizations. He served on the Board of Directors of IAEE (International Association of Exhibitions & Events); chairman of the Board of MATSO (Major American Trade Show Organizers); member of Trade Show Executive magazine’s Editorial Advisory Board and on the boards of three convention bureaus. “Jack brings a unique perspective to TSE’s Exposition Forecasting Board,” said Darlene Gudea, vice president/ publisher & editor. “With the wide breadth and depth of data that BDMetrics has on many leading trade shows, Chalden can begin to see patterns and changes in the marketplace long before they become pronounced trends.” How Trade Show Executive Magazine’s Trending & Spending Was Compiled Trade Show Executive Magazine’s Trending & Spending Forecast aggregates information from numerous sources: government and business reports; interviews with industry experts and economists; and the TSE monthly poll of its 20-member Economic Forecasting Board. Unbiased, reliable data—whether positive or negative—is the foundation of solid business planning. TSE 16 June 2008 Trade Show Executive www.TradeShowExecutive.com
JEGI is the Leading Investment Banking Firm Serving the Exhibitions & Conferences Sector Since 2000, JEGI has represented clients - major public corporations, private equity funds, associations, and entrepreneurial companies - in transactions involving nearly 1,000 events (B2B and B2C conferences and exhibitions), significantly more than any other M&A advisory firm. JEGI is active in supporting the event industry through its involvement with the leading associations and research organizations, including CEIR Exhibition Industry Index and SISO Tradeshow Web Site Project. JEGI has been involved in many of the event industry’s signature transactions, such as : has sold Vision Events a leading provider of specialized marketing events for the IT sector to February 2008 has acquired the remaining 51% interest in GEORGE LITTLE MANAGEMENT for $155,000,000 October 2007 has sold its US based Industrial & Manufacturing events portfolio and complementary Powder/Bulk Solids Magazine to CANON COMMUNICATIONS LLC an APPRISE MEDIA company June 2006 Please contact us for more information. Wilma Jordan, Founder & CEO wilmaj@jegi.com Ms. Jordan leads the media industry’s most successful investment bank, which has completed more than 450 transactions since being founded in 1987. Richard Mead, Managing Director richardm@jegi.com Mr. Mead provides M&A advisory services to a wide array of B2B media companies, including publishing, exhibition and conference, information and online. www.jegi.com (212) 754-0710 The Jordan, Edmiston Group, Inc. www.TradeShowExecutive.com Trade Show Executive June 2008 17
Page 1 and 2: Trade Show Executive® News, Views
Page 3 and 4: Job Title: ____LVCVA___Publication
Page 5 and 6: I CHALLENGE YOU to put Boston to th
Page 7 and 8: 2007 CONVENTION CENTER OF THE YEAR
Page 9 and 10: Make your show the best part of the
Page 11 and 12: Integrated Software for Exhibition
Page 13 and 14: Stephens Center Rosemont, Illinois
Page 15: The Leading M&A Advisor to the Even
Page 19 and 20: Sponsored by JEGI T r e n d i n g &
Page 21 and 22: www.TradeShowExecutive.com Trade Sh
Page 24 and 25: Power Lunch Gary Shapiro A Leading
Page 26 and 27: Power Lunch Continued from page 25
Page 28 and 29: Power Lunch Continued from page 26
Page 30 and 31: Trade Show Executive’sTM Gold 100
Page 32 and 33: Trade Show Executive’s 2008 INNOV
Page 40 and 41: NAMM NAMM Show Grows by Tweaks and
Page 42 and 43: NAMM Continued from page 41 model m
Page 44 and 45: TSE’s Trade Show Locator Order yo
Page 46 and 47: TSE’s Trade Show Locator A ccess
Page 48 and 49: TSE’s Trade Show Locator A unifie
Page 50 and 51: TSE’s Trade Show Locator June 19,
Page 52 and 53: TSE’s Trade Show Locator A unifie
Page 54 and 55: Industry Events By Nicole Burnes, a
Page 56 and 57: People Timothy McGuinness, executiv
Page 58 and 59: Parting shots Hilton Cancun Makes a
Page 60: Here, man and nature perfectly comp

the June 2008 Issue in PDF Format - Trade Show Executive

Create successful ePaper yourself

Delete template?

Save as template?