Georgia factories index rises

From Morris News Service
news@newnan.com
ATLANTA  — Activity at Georgia manufacturing plants picked up slightly in September, according to a report released Monday by Kennesaw State University.
KSU’s Econometric Center’s Purchasing Manager’s Index rose 1.6 points to 52.0, just above the national index of 51.5 which also jumped up two ticks. Generally, economists consider a reading above 50 as indicating growth in the overall economy.Managers who buy supplies for their factories complete the monthly survey which asks about various aspects of their business. More managers reported an increase in their orders for new business compared to the number who said orders were off.
“The Georgia PMI stopped its four-month decline based on the strength of an 8 point new-orders increase. Although new orders tends to be volatile, it may be a signal that the PMI decline has ended, but remains weak,” said Don Sabbarese, director of the Econometric Center.
More companies say they have a shrinking inventory of finished goods, but many also noted they have cut back production. Still, 20 percent of those answering the survey expect production to rise over the next three to six months, an increase from the 14 percent predicting it in August.
Yet, at the same time, the employment index also climbed by 1.9 points.
That hiring may not accompany inflation since managers reported they are paying less for the commodities they use, driving the commodity-price index down 3.9 points.


More Local

Department of revenue Chief shares info on tax fraud crackdowns

The Georgia Department of Revenue saved Georgia taxpayers over $33 million in fraudulent tax returns in 2014, according to Revenue Commissio ... Read More


Trammell discusses General Assembly

Rep. Bob Trammell spoke about his first session as a member of the Georgia General Assembly at a meeting of the Coweta County Democratic Par ... Read More


Behavioral hospital CON process crux of court hearing

It was standing room only at the beginning of Wednesday’s hearing regarding the future of the proposed behavioral health hospital in N ... Read More


Relay for Life gets boost from local schools

The Coweta County School System (CCSS) has been a longtime supporter of Coweta County’s Relay for Life (RFL), and its schools are some ... Read More


armed robbery

Suspected gang member, shooting victim pleads guilty

This week, a local gang member pleaded guilty to an armed robbery he committed only a few months after he was the victim of a violent assaul ... Read More

Raise the Praise coming Saturday

Raise the Praise, Coweta!, a Christian music festival, will be held Saturday at the Coweta County Fairgrounds. The Newnan Kiwanis Club is sp ... Read More