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.

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http://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."

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