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Georgia: A Major Industrial Player

Flag of GeorgiaWhat’s the outlook for Georgia manufacturing? There’s good news and bad news. Let’s start with the bad news: October was not a good month for Georgia manufacturing. The Purchasing Managers Index, a monthly survey of manufacturing activity released by Markit Group and the Institute for Supply Management, indicated an index value drop of more than five points in Georgia for the month of October. This drop brought Georgia’s overall PMI to just above 43. Based on the PMI scoring system, any figure below 50 indicates contraction, and any figure above 50 indicates growth. This month’s loss is a continuation of a trend that began two months ago. “It’s not clear why Georgia manufacturing is operating substantially below the level of the national PMI,” noted Don Sabbarese of Kennesaw State University in an interview with the Atlanta Journal-Constitution. Mr. Sabbarese speculated that the causes for Georgia’s poor performance may be related to the weakness of the state’s economic recovery.

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