Georgia manufacturing down in April
Georgia manufacturing sector decreased 7 points in April after an unexpected jump in new orders in March, according to the Econometric Center at Kennesaw State University’s Michael J. Coles College of Business.
Georgia’s manufacturing activity was 54.8 in April, compared with the six-moth average of 53.1.
A PMI reading above 50 shows manufacturing activity is expanding, while a reading below 50 shows it is contracting.
“April’s strong decrease in new orders and the decrease in remaining components suggest that March’s increase in new orders and decrease in production was a one-month anomaly rather than an inflection point to a higher trend,” said Don Sabbarese, director of the Econometric Center and professor of economics at Kennesaw State.