Ga. manufacturing slowdown drags on

The downturn in Georgia’s manufacturing sector continued for a third month in a row in…

Georgia (Nov 3, 2010)

Publication

Link To Article

http://www.bizjournals.com/atlanta/news/2010/11/02/ga-manufacturing-slowdown-drags-on.html

The downturn in Georgia’s manufacturing sector continued for a third month in a row in October, according to the Econometric Center at Kennesaw State University’s Coles College of Business.

 

Georgia’s Purchasing Managers Index (PMI) -- a reading of economic activity in the state’s manufacturing sector -- for October was 50.3, down 3.3 points from 53.6 in September.

 

A PMI reading above 50 shows manufacturing activity is expanding, while a reading below 50 shows it is contracting.

The latest reading also is the lowest since January, when it stood at 46.1, and is 5.9 points below the PMI’s six-month average.

 

“The latest numbers are consistent with the gradual slowdown in manufacturing activity that started in June,” said Don Sabbarese, professor of economics and director of the Econometric Center at the Coles College of Business. “Contraction in commercial and residential construction and the slow rebound in economic activity are contributing to the PMI’s slowdown.”


 

A leader in innovative teaching and learning, Kennesaw State University offers undergraduate, graduate and doctoral degrees to its nearly 43,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the country and the world. 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. For more information, visit kennesaw.edu

©