Georgia manufacturing shines in latest survey

By Michael E. Kanell The Atlanta Journal-Constitution   Georgia’s manufacturing…

Georgia (Mar 2, 2010)

The Atlanta Journal-Constitution
 
Georgia’s manufacturing sector saw a solid improvement in February, hitting its highest level since last April, according to a survey by Kennesaw State’s Econometric Center.
 
While the report does not prove the growth will continue, a sizeable number of companies surveyed reported an increase in orders, prompting them to pump up production and add workers.
 
Manufacturing has hemorrhaged jobs for more than a decade, and the sector was hit doubly hard during the downturn that started in late 2007. With the economy struggling to sustain a recovery, many economists look with hope the sector: Manufacturing companies often put proportionally more into the local economy, especially those that export.
One month’s data is encouraging but not conclusive, said Don Sabbarese, the center’s director.
 
“It is too early to tell whether this is an aberration or the beginning of a trend.”
 
The sharp rise in production indicates that companies think new orders will keep rising, he said. And while less than one in five companies said they were hiring, that was a 13 percent increase from the previous month.
 
National surveys showed manufacturing picking up in the fall, although the sector dipped slightly last month, Sabbarese said.
“The Georgia and Southeast (measures) have caught up to the national (survey),” he said.
 
In Georgia, manufacturing has seen its share of employment fall from 14 percent a dozen years ago to about 8 percent. But the sector still accounts for 342,400 jobs in the state.
 
Kennesaw state surveys manufacturing companies each month.

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http://www.ajc.com/business/georgia-manufacturing-shines-in-339947.html

 

A leader in innovative teaching and learning, Kennesaw State University offers more than 150 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

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