KSU: Georgia manufacturing slowdown persists
Georgia’s manufacturing slowdown continued through June, according to the Econometric Center…
Georgia (Jul 3, 2013) — Georgia’s manufacturing slowdown continued through June, according to the Econometric Center at Kennesaw State University’s Michael J. Coles College of Business.
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Georgia’s June PMI of 52.1 is 1.7 points lower than May and 3.4 points below its six-month average of 55.4, said Don Sabbarese, director of the Econometric Center and professor of economics at Kennesaw State.
A PMI reading above 50 shows manufacturing activity is expanding, while a reading below 50 shows it is contracting.
Other highlights from the report:
- New orders rose 2.1 points to 60.4
- Production went up 2.1 points to 56.3
- Employment went down 2.1 points to 52.1
- Supplier delivery decreased 4.2 points to 47.9
- Finished inventory shrank 6.3 points to 43.8
- Commodity prices dipped 2.1 points to 45.8
A leader in innovative teaching and learning, Kennesaw State University offers more than 150 undergraduate, graduate and doctoral degrees to its approximately 41,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia and the third-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 92 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, and one of the 50 largest public institutions in the country. For more information, visit kennesaw.edu.