Georgia Manufacturing Shows Strength, Still Room for Improvement

ATLANTA, GA (WABE) - Each month, the Econometrics Center at Kennesaw State University compiles…

Georgia (Aug 7, 2009)ATLANTA, GA (WABE) - Each month, the Econometrics Center at Kennesaw State University compiles the "Purchasing Managers Index" report. It's a gauge of manufacturing vitality.

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http://www.publicbroadcasting.net/wabe/news.newsmain?action=article&ARTICLE_ID=1540023

For July, Georgia's PMI Report suggests the manufacturing sector is still contracting. That's the bad news. But the good news, according to Kennesaw State's Don Sabbarese, is that manufacturing is contracting a much slower pace than even one month ago.

"We're looking for sustainability here," says Sabbarese. "And if we continue to see the range that we're in now, we think the level we're at now is sustainable."

Sabbarese says he's concerned that regional employment is not yet improving, but says that generally trails in a typical business cycle.

He predicts several more months of localized job losses, but says indicators show the overall economy may have bottomed out.

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A leader in innovative teaching and learning, Kennesaw State University offers more than 150 undergraduate, graduate and doctoral degrees to its approximately 41,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia and the third-largest university in the state. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the region and from 92 countries across the globe. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 6 percent of U.S. colleges and universities with an R1 or R2 status, and one of the 50 largest public institutions in the country. For more information, visit kennesaw.edu

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