Georgia manufacturing tumbles again

More bad news for, and from, Georgia’s manufacturers. For the third month in a row, according…

Georgia (Oct 4, 2010) — More bad news for, and from, Georgia’s manufacturers.

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http://www.ajc.com/business/georgia-manufacturing-tumbles-again-651259.html
For the third month in a row, according to a barometer of economic activity released Friday by Kennesaw State University, factory employment, production and orders dropped.
 
Chin up, though: Georgia’s manufacturing sector is still growing, albeit at a sclerotic pace.
 
The school’s Econometric Center reports that the Purchasing Managers Index (PMI) remains in overall positive growth territory with a 53.6 rating for September. That’s down 1.4 points from the previous month. Anything above 50 reveals an expanding manufacturing base.
 
Businesses “taking a breather” to restock inventory, and the expiration of home-buying tax credits, is party to blame for the downturn, KSU reported.

 


 

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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