Highlights

Georgia’s November PMI score showed a small increase of 1.8 points in Production; however, it was the decrease in New Orders (7.5 points) and Employment (5.1 points) that brought down the overall score.

The drop in New Orders continues the volatile month to month pattern for New Orders. According to Donald Sabbarese, Director of KSU’s Econometric Center, “This pattern may be reflecting the mixed changes in the overall economy. Although certain markets are improving, the sustainability of this improvement is still unclear.”

Finished Inventory also experienced a dramatic drop of 20.3 points as most Georgia manufacturers are reporting decreased inventory.

Even though the November scores weren’t what they had hoped, Georgia manufacturers still have a positive outlook for the future. 47.8% are planning for increased production in the next 3-6 months, which is up from 32.1% in October. Only 26.1% expect lower production in the next 3-6 months.

The PMI study is based on a survey to major companies and analyzes trends and activity of new orders, production, employment, deliveries, purchased materials, finished goods, and commodity prices for the manufacturing sector. Please see the links below for more information on the PMI report from Kennesaw State University’s Econometric Center and for more information about Georgia’s Center of Innovation for Manufacturing:

http://econometric-center.org
manufacturing.georgiainnovation.org
.