Georgia manufacturing down in April
Georgia manufacturing sector decreased 7 points in April after an unexpected jump in new orders in…
Georgia (May 2, 2013) — Georgia manufacturing sector decreased 7 points in April after an unexpected jump in new orders in March, according to the Econometric Center at Kennesaw State University’s Michael J. Coles College of Business.
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Georgia’s manufacturing activity was 54.8 in April, compared with the six-moth average of 53.1.
A PMI reading above 50 shows manufacturing activity is expanding, while a reading below 50 shows it is contracting.
“April’s strong decrease in new orders and the decrease in remaining components suggest that March’s increase in new orders and decrease in production was a one-month anomaly rather than an inflection point to a higher trend,” said Don Sabbarese, director of the Econometric Center and professor of economics at Kennesaw State.
A leader in innovative teaching and learning, Kennesaw State University offers undergraduate, graduate and doctoral degrees to its nearly 43,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the country and the world. 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.