Second Quarter GIBI Shows Decrease
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 60.7
- Employment was up 3.6 points, to 64.3
- Capital Spending decreased 21.4 points, to 53.6
Georgia 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.