Purchasing Manager's Index

Georgia factories showed growth in March

by Walter C. Jones, Morris News Service

ATLANTA – The Georgia Purchasing Manager's Index rose 6.6 points last month to 61.8, showing continued to point to growth in the state's manufacturing sector.

Generally, a reading of 50 points or higher predicts future growth for the overall economy. March was the fourth straight month of increases.

Executives surveyed cited strong orders for new business as the need to bring on additional workers as positive signs at the plants they are responsible for.

"March's strong jump in new orders and employment were a surprise. These numbers confirm a stronger up-trend, but higher than anticipated," said Donald Sabbarese, director of the Econometric Center at Kennesaw State University where the index is compiled. "It's not clear that these numbers are sustainable, but for now, they are impressive."

The National March PMI decreased 2.9 points to 51.3 after steadily building since November. The national index, compiled by the Association for Supply Management, slid last month on the basis of weakness in new orders.



More Business

Three smart year-end tax tips for 2014

In the financial hangover of the holiday season, many consumers are already wondering how to get back on track for 2015. However, it’s ... Read More


Business Briefs

DTH Expeditors wins 'Best of Atlanta' DTH Expeditors Inc., owned by Michael E. Winslett of Newnan, has been selected for the 2014 Best of A ... Read More


Local tech launches new business

Fifteen years after serving as the engineering design specialist for Arkansas State University, Greg Coldwell was in search of a fresh start ... Read More


60 Seconds With Amy Casey

What motivated you to open an olive oil/vinegar and kitchen gadget store? I’ve always dreamed of having a gift shop in a quaint town, ... Read More


Business People

Spancrete names Newnan manager Ken Boyns has been named as the plant manager at the Newnan Spancrete facility. The new plant, located in t ... Read More

Lovell Tree Farm continues to harvest tradition

When the Lovell family started planting and farming Christmas trees over ten years ago, they never expected to see the business grow to the ... Read More