Foreign Manufacturing Activity in Georgia Shows Increase
November 2, 2015
According to Don Sabbarese, Professor of Economics at Kennesaw State University, “New orders in 2015 have slipped since the first quarter. Production, employment and capital spending have not shown a similar pattern, which poses the question of whether a weakness in new orders will lead to a weaker trend for the other components. Other economic data including the Georgia and National PMIs suggest that might be possible.” The Georgia International Business Index (GIBI) Report is underwritten by the Manufacturing and Distribution Group of Smith & Howard, a top Atlanta accounting firm, and is produced quarterly by the Econometric Center at Kennesaw State University.
The GIBI increased by 1.3 points from 64.8 to 66.1 in the third quarter of 2015.
Highlights of the second quarter GIBI include:
Georgia International Business Index provides a snapshot of foreign manufacturing business activity in Georgia. Data on new orders, production employment and capital spending are collected and tallied into a diffusion index compiled from responses to the question: did your company experience an increase, decrease or no change during the past quarter? A GIBI reading above 50 indicates that more respondents are reporting increases than decreases.
Read the entire report by clicking the PDF link at the top of this article.
If you have any questions and would like to connect with a team member please call 404-874-6244 or contact an advisor below.CONTACT AN ADVISOR
Subscribe to our newsletters to get inside access to timely news, trends and insights from Smith + Howard.