Economic Indicator Shows Improved Outlook Among Georgia Manufacturers

ATLANTA, GA (WABE) - The Purchasing Managers Index--or PMI--shows an increasingly positive outlook…

Georgia (Apr 6, 2010)ATLANTA, GA (WABE) - The Purchasing Managers Index--or PMI--shows an increasingly positive outlook among Georgia manufacturers. One highlight is that more companies say they've stepped up production, and will continue to do so in the next three to six-months.

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"When you take all those numbers together, it starts to paint a picture that this might very well be sustainable," says Don Sabbarese, head of Kennesaw State's Econometrics Center, which publishes Georgia's PMI. He adds that another promising part of this month's report is that employment, a lagging economic indicator, also shows growth.

"Prior to January, 2010, there was about 10% of our respondents hiring. Now it's about 22%," he says.

One negative though is that the report finds commodity prices have sharply increased in the past three months.

Jim Burress, WABE News.


 

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