Georgia manufacturing activity slowed for the fourth consecutive month in August. The Kennesaw State University Econometric Center's monthly purchasing manager's index has fallen more than 13 points since April. In August, it was barely above 50 – the line between a growing industry and one that’s retracting.
Georgia manufacturing activity hit its lowest point in nearly two years in September, the result of a drop in production and new orders. The monthly Purchasing Managers Index from Kennesaw State University’s Econometric Center showed a nine-point decrease to 48.7. Any number below 50 means the industry is contracting.
Manufacturing in Georgia is looking up after a four month downward spiral according to Don Sabbarese, Director of the Econometric Center at the Coles College of Business at Kennesaw State University. Georgia’s Purchasing Managers Index (PMI) for August has shown a 7.4 index increase from the month of July, bringing in a final index of 58.1.