Foreign Manufacturing Activity in Georgia Shows Increase

by: Smith and Howard

November 2, 2015

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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 and 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:  

  • New orders were down 9.1 points, to 50.0 
  • Production was up 3.2 points, to 71.4
  • Employment was up 0.6 points, to 64.3
  • Capital Spending increased 10.4 points, to 78.6

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.

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