Georgia Manufacturing Alliance and Smith & Howard Join Forces
Feb 27,2015
On February 26, 2015, the manufacturing and distribution team of Smith & Howard announced its 2015 sponsorship with the Georgia Manufacturing Alliance. Jason Moss the founder and CEO of GMA said today, “This is exactly the type of company our organization has been seeking to partner with. Smith & Howard has a stellar reputation within the manufacturing community and serves many well-known brands. Not only have they been recommended by top manufacturing leaders in Georgia, but they were recognized this year as the number one firm in the nation among the elite 50 Best of the Best accounting firms by INSIDE Public Accounting and as a Top Accounting Firm to Work For by Accounting Today. The Atlanta Journal-Constitution has recognized the firm as a Top Atlanta Work Place for the past four consecutive years.” Moss goes on to add, “It is exciting to find a company who aligns so closely with...
January 2015 Manufacturing Purchasing Managers Index
Jan 30,2015
February 2, 2015: Georgia’s Purchasing Managers Index (PMI) — a reading of economic activity in the state’s manufacturing sector — increased 6.1 points during January. The Purchasing Managers Index (PMI) Report is underwritten by the Manufacturing and Distribution Group of Smith & Howard, a top Atlanta CPA firm with a focus on serving manufacturing businesses, and is produced monthly by the Econometric Center at Kennesaw State University.Some general remarks from the January respondents:"Rising costs of containers and general price increases are bringing more production back to U.S. for us." "Business is still very strong and outlook is good.""We expect decreases to continue in oil related products throughout 2015."Other highlights of the January PMI include:  New orders were up 13.4 points, to 54.5 Production was up 13.6 points, to 63.6Employment was up 3.2 points, to 59.1Supplier delivery time was up 6.1 points, to 59.1Finished inventory was down 6.1 points, to 40.9Commodity prices were down 4.8 points, to 36.4The Georgia PMI provides a snapshot of manufacturing activity in the state, just as the monthly PMI released...
Georgia’s PMI Report Decreases During December 2014
Jan 05,2015
January 2, 2015: Georgia's Purchasing Managers Index (PMI) - a reading of economic activity in the state's manufacturing sector - decreased 7.1 points during December 2014. The PMI report is underwritten by the Manufacturing and Distribution Group of Smith & Howard, a top Atlanta CPA firm with a focus on serving manufacturing businesses, and is produced monthly by the Econometric Center at Kennesaw State University.Some general remarks from the December respondents:"Pent up demand being realized. Still operating at 60% of historical norm.""We typically see a slow November and December.""Uncertainty about winter weather in U.S."Other highlights of the December PMI include:  New orders were down 23.8 points, to 41.2 Production decreased 17.5 points, to 50.0Employment was down 4.1 points, to 55.9Supplier delivery time was up 0.4 of a point, to 52.9Finished inventory was up 9.6 points, to 47.1Commodity prices were down 8.8 points, at 41.2The Georgia PMI provides a snapshot of manufacturing activity in the state, just as the monthly PMI released by the Institute for Supply Management...
Georgia’s PMI Report Increases During November 2014
Dec 01,2014
December 1, 2014: Georgia’s Purchasing Managers Index (PMI) — a reading of economic activity in the state’s manufacturing sector — increased 2.0 points during November. The Purchasing Managers Index (PMI) Report is underwritten by the Manufacturing and Distribution Group of Smith & Howard, a top Atlanta CPA firm with a focus on serving manufacturing businesses, and is produced monthly by the Econometric Center at Kennesaw State University.Some general remarks from the November respondents:"The pent up demand is beginning to be met. Some of our customers are buying for the first time since 2006.""Low commodity positions in grains have allowed for extended favorable contract positions.""Construction is still relatively slow with a lot fo concerns about skilled labor in the coming years."Other highlights of the November PMI include:  New orders were down 5.5 points, to 65.0 Production was up 6.1 points, to 67.5Employment was up 5.5 points, to 60.0Supplier delivery time was up 0.2 points, to 52.5Finished inventory was up 3.4 points, to 37.5Commodity prices stayed the same, at 50.0The Georgia PMI provides a snapshot...
October Georgia Manufacturing Activity Shows Decrease
Nov 03,2014
November 3, 2014: Georgia’s Purchasing Managers Index (PMI) — a reading of economic activity in the state’s manufacturing sector — decreased 2.3 points during October. The Purchasing Managers Index (PMI) Report is underwritten by the Manufacturing and Distribution Group of Smith & Howard, a top Atlanta CPA firm with a focus on serving manufacturing businesses, and is produced monthly by the Econometric Center at Kennesaw State University.Some general remarks from the October respondents:"National funding for road bill will dramatically affect our sales. Without federal road bill, we will continue to be flat.""Election year, customers will not commit until after election.""We are bullish on the North American market long-term. The EU economy is weakening and the emerging markets continue to underperform."Other highlights of the October PMI include:  New orders were up 2.3 points, to 70.5 Production stayed the same, at 61.4Employment was down 2.3 points, to 54.5Supplier delivery time was down 4.5 points, to 52.3Finished inventory was down 6.8 points, to 34.1Commodity prices were down 2.3 points, to 50.0The Georgia PMI provides...
September 2014’s PMI Decreased 4.5 Points
Oct 01,2014
October 1, 2014: Georgia’s Purchasing Managers Index (PMI) — a reading of economic activity in the state’s manufacturing sector — decreased 4.5 points during September. The Purchasing Managers Index (PMI) Report is underwritten by the Manufacturing and Distribution Group of Smith & Howard, a top Atlanta CPA firm with a focus on serving manufacturing businesses, and is produced monthly by the Econometric Center at Kennesaw State University.Some general remarks from the September respondents:"Demand has leveled off and supply is in line so we are kind of flat.""I still do not see confidence in the power industry for adding more capacity.""For our particular industry the slowdown has started extremely early this year."Other highlights of the September PMI include:  New orders were up 7.3 points, to 68.2 Production was down 8.2 points, to 61.4Employment was up 0.3 points, to 56.8Supplier delivery time was up 2.5 points, to 56.8Finished inventory was down 24.3 points, to 40.9Commodity prices were down 10.8 points, to 52.3The Georgia PMI provides a snapshot of manufacturing activity in the state, just as the monthly...
August 2014 PMI Report
Sep 02,2014
September 2, 2014: Georgia’s Purchasing Managers Index (PMI) — a reading of economic activity in the state’s manufacturing sector — increased 12.9 points during August. The Purchasing Managers Index (PMI) Report is underwritten by the Manufacturing and Distribution Group of Smith & Howard, a top Atlanta CPA firm with a focus on serving manufacturing businesses, and is produced monthly by the Econometric Center at Kennesaw State University.Some general remarks from the August respondents:"We expect the second half of 2014 to be stronger in general for steel demand.""Our customers that decided to stay in business are having to make capital equipment purchases. More regular buying now, just fewer units.""July incoming orders slowed which allowed us to catch up on our backlog. August has been strong through today."Other highlights of the August PMI include:  New orders were up 21.4 points, to 60.9 Production was up 19.6 points, to 69.6Employment was down 4.0 points, to 56.5Supplier delivery time was up 1.7 points, to 54.3Finished inventory was up 25.7 points, to 65.2Commodity prices were up 7.8 points, to 63.0The...
Second Quarter GIBI Shows Decrease
Aug 01,2014
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 fell by 10.7 points from 69.8 to 58.9 in the second quarter of 2014.  Highlights of the second quarter GIBI include:  New orders were down 17.9 points, to 57.1 Production was down 7.1 points, to 60.7Employment was up 3.6 points, to 64.3Capital Spending decreased 21.4 points, to 53.6Georgia 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.
July PMI Report Drops
Aug 01,2014
August 1, 2014: Georgia's Purchasing Managers Index (PMI) is a reading of economic activity in the state's manufacturing sector. The PMI was down a staggering 8.9 points for July.The PMI Report is underwritten by the Manufacturing and Distribution Group of Smith & Howard, an Atlanta accounting and advisory firm, and is produced monthly by the Econometric Center at Kennesaw State University.Highlights of the July PMI include:  New orders were down 25.9 points, to 39.5 Production was down 13.5 points, to 50.0Employment was up 6.7 points, to 60.5Supplier delivery time was down 7.0 points, to 52.6Finished inventory was down 4.8 points, to 39.5Commodity prices were up 3.3 points, to 55.3The Georgia PMI provides a snapshot of manufacturing activity in the state, just as the monthly PMI released by the Institute for Supply Management provides a picture of national manufacturing activity. The national PMI was up 1.8 points in July, to 57.1. A PMI reading above 50 indicates that manufacturing activity is expanding; a reading below 50 indicates it is contracting.     The Georgia PMI reading is a composite of five...
June 2014 PMI Report Increases
Jul 01,2014
July 1, 2014: Georgia’s Purchasing Managers Index (PMI) — a reading of economic activity in the state’s manufacturing sector — increased 0.5 of a point during June. The Purchasing Managers Index (PMI) Report is underwritten by the Manufacturing and Distribution Group of Smith & Howard, an Atlanta accounting and advisory firm, and is produced monthly by the Econometric Center at Kennesaw State University.Some general remarks from the June respondents:"Steel lead times are increasing in USA and base pricing forecast to increase. This will only make USA steel products less favorable than Asian materials.""As economy strengthens, most companies still hesitant to hire additional customer service reps, inside sales, etc.""The second half looks weaker than originally expected as housing and remodeling struggle. Also our multiple price increases of prefinished solid hardwood flooring products is causing demand to weaken."Other highlights of the June PMI include:  New orders were down 2.8 points, to 65.4 Production was down 2.4 points, to 63.5Employment was down 3.0 points, to 53.8Supplier delivery time was up 5.1 points, to...

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