Business > Georgia Manufacturing Slightly Down

| April 3, 2015

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ATLANTA — Manufacturing in Georgia fell 1.5 points to 60.5 in the month of March, but remains strong according to the Purchasing Managers Index released today by Kennesaw State University’s Econometric Center in the Michael J. Coles College of Business.

Georgia manufacturers continue to report strong growth even as national industrial production fell for a second month in March. New orders, production and finished inventory accounted for Georgia’s manufacturing strength, with 50 percent of respondents reporting higher new orders and 60 percent reporting higher production.

While other PMI indicators remained stable, employment registered a sharp drop of 15 points to 55.

“The size of employment’s March drop off was unusual given the high levels for new orders and production,” said Don Sabbarese, director emeritus of the Econometric Center and professor of economics at Kennesaw State University. “That said, it would be reasonable to anticipate employment, which is still at a level of growth, to rebound in the future.”

Despite previous concerns, the harsh winter weather slowdown has had a minimal effect on Georgia manufacturers. 42 percent of respondents anticipate higher production in the next three to six months.

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