Georgia manufacturers seem to be weathering the economy relatively well. That’s the assessment of the latest monthly report that grades the direction of the industry.
The report from Kennesaw State economic researchers gives a monthly score called the Purchasing Managers Index, or PMI. Factors like employment, delivery time and finished inventory go into the PMI. Any score above 50 signals manufacturing is expanding, and last month it went up half-a-point to nearly 58.
Kennesaw State’s Donald Sabbarese directs the report, and says Georgia manufacturers are leaning on exports:
“The fact that they’re not totally dependent on the domestic economy. A lot of these manufacturers selling a lot of goods abroad is probably a key factor here.”
Sabbarese says there’s another good sign. 40-percent of manufacturers report increased hiring. That’s a big change from a year ago he says, when no one did.