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."
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