The Atlanta Fed's SouthPoint offers commentary and observations on various aspects of the region's economy.
The blog's authors include staff from the Atlanta Fed’s Regional Economic Information Network and Public Affairs Department.
Postings are weekly.
Manufacturing momentum: Growth accelerates in the Southeast
Data released from Kennesaw State University's Econometric Center this week reflected a growing manufacturing sector across the Southeast. Large jumps in the new orders, production, and employment indexes raised the overall index 5.9 points to reach 64.8.
The new orders component added 9.8 index points to reach 70.8, a particularly elevated level, a result of 53.3 percent of respondents indicating that their level of new orders had improved compared with the previous month. The percentage of contacts reporting higher levels of orders has been increasing now for five months.
Production also saw impressive gains. The component gained 11.9 points in February's index to reach 70. On top of the increase in current levels of production noticed in February, nearly two-thirds of contacts reported expected future increases in production levels in the near term.
While the production and new orders indexes saw more impressive gains over the month, the employment component of the index is worth a behind-the-scenes look for February's release. Almost 8 percent more respondents replied that their employment level was higher in February than in January.
The price index measures changes in commodity prices paid by manufacturers. In February, the index had a higher percentage of contacts reporting that commodity prices had elevated since January (up by about 6 percent), while none said commodity prices had fallen month over month, resulting in a 2.7 index point increase in the index, which reached 85 for the month.
By Mark Carter
an analyst in the Atlanta Fed research department
TrackBack URL for this entry:
Listed below are links to blogs that reference Manufacturing momentum: Growth accelerates in the Southeast:
- Southeast Manufacturing: Solid as an Oak
- The Fruits of Our Labor
- Tracking Energy’s Trajectory
- Southeast PMI Surges in February
- Tiny Bubbles in Alabama
- Through the Eyes of a Big Fan
- Southeastern Manufacturing Sees No Shadow
- Southeastern Labor Market Continues Strengthening
- A New Year, a Better Economy?
- Florida's Economic Rebound Continues
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- Banks and banking
- Beige Book
- Business Cycles
- Commodity Prices
- Consumer Savings
- Data Releases
- Disaster recovery
- Economic conditions
- Economic Growth and Development
- Economic Indicators
- Fiscal Policy
- Gulf Coast
- Health Care
- Holiday Sales
- Labor Markets
- Local Economic Analysis and Research Network (LEARN)
- Monetary Policy
- Natural Disasters
- New Orleans
- Oil Spill
- Real Estate
- Sales Tax