Georgia manufacturers continue to muddle along, although Kennesaw State University reported Monday that the state “demonstrates relatively strong and sustainable growth.”
The school’s Purchasing Managers Index (PMI), which quantifies the direction manufacturers are headed, dipped in July from a month earlier. The study gauges new orders, production, employment, delivery time and finished good.
A PMI ranking above 50 signals that manufacturing is expanding in Georgia. In July, the state notched a 57.9 rank; a month earlier it was 57.4 – after three successive months of above-60 rankings.
While new orders decreased slightly, manufacturers reported a 13.2 percent uptick in production.
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