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

Orme speaking to Business Women of Fayette and Coweta April 22

Business Attorney Melissa Orme will help local businesswomen avoid legal traps with her presentation to the Business Women of Fayette and Co ... Read More


60 Seconds with Tracey Jenkins and Cindy Ludwig

What was the idea behind opening an olive oil and balsamic vinegar tasting bar in Newnan? Tracey: Ashley Park seemed like the best starting ... Read More


Business People

Winstead named assistant VP at CharterBank Newnan resident Josh Winstead has been promoted to assistant vice president of CharterBank. Wins ... Read More


Business Briefs

A Better Way Antiques and Home Decor opening A Better Way Antiques and Home Decor will open its doors May 1 for a pre grand opening. The st ... Read More


GMC to locate new campus in Fayetteville

Georgia Military College in Milledgeville announced Friday it intends to locate a new campus in Fayetteville, in anticipation of population ... Read More

Lee-Goodrum Pharmacy

60 Seconds With John Goodrum

What are some of the biggest changes you’ve seen over the course of your career as a pharmacist? Technology. Also, the insurance compa ... Read More