Home » NEWS » Manufacturing » Southeast manufacturng rises; Mississippi’s drops

Southeast manufacturng rises; Mississippi’s drops

MBJ staff

Southeast manufacturing activity improved in June after three consecutive months of decline, according to the Southeast’s Purchasing Managers Index  report released Monday by Kennesaw State University’s Econometric Center in the Michael J. Coles College of Business.

June’s Southeast PMI of 55.1 is driven up by a sharp 9.3-point increase for new orders and a 8.9-point increase for production. This month’s increase moved the Southeast PMI closer to its six-month average of 56.5. While Southeast employment slipped 3 points to 57, it still remains at a level of sustainable growth.

According to Don Sabbarese, director emeritus of the Econometric Center and professor of economics at Kennesaw State University, June’s PMI numbers suggest manufacturing is beginning to recover from the first quarter economic drag on the overall economy.

“The National PMI also experienced improvement, although not as strong as June’s SE PMI, of a 0.7 point increase to 53.5,” Sabbarese said. “Early signs of improved retail sales may continue to contribute to improved manufacturing activity. The June National and Southeast readings offer some positive signs moving forward. ”

Six states — Mississippi, Alabama, Florida, Georgia, Louisiana and Tennessee — are included in the monthly regional report. Four of the six experienced higher PMI readings.

Mississippi’s PMI dropped to 47.8 from 52.1 in May. Four of six categories dropped. New orders fell to 43.4 from 56.9; production dropped to 39.9 from 47.6; employment rose to 50.1 from 49.9; delivery time improved to 51.8 from 50.5; inventories dropped from 55.8 to 53.7; commodity prices dropped from 67.9 to 52.2.



… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Jack Weatherly

Leave a Reply