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.
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.