Georgia Factories Continue Growth

| September 5, 2014

kia_us_plant_101ATLANTA — Georgia factories are continuing their expansion, according to a new report that also points to further growth in the overall state economy.

The Purchasing Managers Index for the state compiled by the Econometric Center at Kennesaw State University registered 61.3 for August. That represents a healthy 13-point jump from the previous month and a slight increase over the six-month average of 58.2.

Generally, a reading above 50 forecasts growth for the broader economy.

“Since August’s PMI is consistent with its long-term growth path, it suggests July’s reading was an aberration,” said Don Sabbarese, co-director of the center.

The index, based on surveys of supply executives at plants across the state, experienced upward movement in five of its six indicators, such as new orders and production. The only drop was in employment, but even that remains above its six-month average.  (Courtesy Morris News)

Schedule Important Work for the Right Time of Day
Georgia Grown Farmers Showcase Event

Comments are closed.