Georgia Manufacturing Index Shows Slowed Growth
ATLANTA, GA (WABE) - The Purchasing Managers Index, or PMI report, gauges monthly growth in…
Georgia (Oct 4, 2010) — ATLANTA, GA (WABE) - The Purchasing Managers Index, or PMI report, gauges monthly growth in Georgia's manufacturing sectors.
Link To Articlehttp://www.publicbroadcasting.net/wabe/news.newsmain/article/1/0/1708383/Atlanta./Georgia.Manufacturing.Index.Shows.Slowed.Growth
After steady gains, the Index has retracted in the past few months. In September, it fell 1.4 points to 53.6, which means growth exists, but it's miniscule.
Don Sabbarese of Kennesaw State University's Econometrics Center, which publishes the report, says much of the previous growth came as businesses shored up inventories.
"That's no longer there," he said. "Businesses have rebuilt their inventories that
were drawn down in 2008 and 2009. I think they have them at the levels they want
to keep them at."
To hear the story, click here.
A leader in innovative teaching and learning, Kennesaw State University offers undergraduate, graduate and doctoral degrees to its more than 41,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia and the second-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 126 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. For more information, visit kennesaw.edu.