Atlanta, GA – Each month, the Econometrics Center at Kennesaw State University compiles the “Purchasing Managers Index” report. It's a gauge of manufacturing vitality.
For July, Georgia's PMI Report suggests the manufacturing sector is still contracting. That's the bad news. But the good news, according to Kennesaw State's Don Sabbarese, is that manufacturing is contracting a much slower pace than even one month ago.
“We're looking for sustainability here,” says Sabbarese. “And if we continue to see the range that we're in now, we think the level we're at now is sustainable.”