Manufacturing activity in Southeast climbs for second consecutive month

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Strong gains in new orders, production and supplier delivery time impact region  KENNESAW, Ga…

Georgia (Dec 4, 2013)Strong gains in new orders, production and supplier delivery time impact region 

KENNESAW, Ga.  (Dec. 4, 2013) — Manufacturing activity continued to climb in the Southeast, narrowing the gap between the region and the nation’s manufacturing activity, according to the Southeast’s Purchasing Managers Index (PMI) report released today by Kennesaw State University’s Econometric Center in the Michael J. Coles College of Business.

According to the report, the Southeast PMI rose 1.8 points for November based on the strength of improved new orders, production and supplier delivery time. The Southeast PMI is 52.2, while the National PMI increased 0.9 points to 57.3.

The increase for the Southeast was attributed to higher PMI readings for Florida, Mississippi and Tennessee, with increases in new orders, production and supplier delivery time accounting for the higher readings, explained Don Sabbarese, director of the Econometric Center at Kennesaw State.

Six Southeastern states — Alabama, Florida, Georgia, Louisiana, Mississippi and Tennessee — are included in the Econometric Center’s monthly regional report.

Highlights of the November Southeast PMI include: 

·         New orders increased 3.1 points to 55.1, based on increases for Alabama, Mississippi and Tennessee

·         Production increased 4.1 points to 55.1, based on increases for  Florida, Georgia and Mississippi

·         Employment decreased 0.9 points to 52, based on decreases for  Georgia and Tennessee

·         Supplier delivery increased 4.0 points to 53.1, based on increases for Florida, Mississippi and  Tennessee

·         Finished inventory decreased 1.1 points to 45.9, based on decreases for Alabama and Florida

·         Commodity prices decreased 8.8 points to 50, based on price decreases for Georgia, Louisiana,  Mississippi and Tennessee

The Southeast PMI reading is a composite of five variables — new orders, production, employment, supply deliveries and finished inventory. A sixth variable, commodity prices, is compiled by the Econometric Center but does not go into the PMI calculation.

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A leader in innovative teaching and learning, Kennesaw State University offers more than 150 undergraduate, graduate and doctoral degrees to its more than 35,000 students. With 13 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. A Carnegie-designated doctoral institution, it is one of the 50 largest public institutions in the country. For more information, visit kennesaw.edu.

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