Manufacturing report shows slowing growth
Manufacturing Report Shows Slowing Growth Jim Burress (2010-09-01) ATLANTA, GA…
Georgia (Sep 2, 2010) —
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http://www.publicbroadcasting.net/wabe/news.newsmain/article/1/0/1695503/Atlanta./Manufacturing.Report.Shows.Slowing.GrowthManufacturing Report Shows Slowing Growth
ATLANTA, GA (WABE) - Georgia's Purchasing Managers Index, or PMI, fell 2.9 points in August to 55.
An index above 50 means manufacturing is expanding. Below 50, and it's contracting.
Don Sabbarese, author of the report and director of Kennesaw State's Econometrics Center, says it's too early to tell if August's decline represents a trend.
"The PMI is still in a solid growth range at 55, so I think there's still solid growth in the manufacturing sector in Georgia," he said.
Of the five indicators the survey looks at, the report found declines in three. New orders, production, and employment each fell compared to July.
Georgia's PMI remains slightly below the national average, but better than the average
of the Southeast.
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