July 2014 Group Watch: Manufacturing Slows Across Southeast
Manufacturing continues to grow across the Southeast, but the rate of growth has slowed to the national average. Manufacturing in the region fell in June for the second consecutive month dropping 4.5 points to 55.3. Activity across the nation fell at a slower rate in June, dropping one-tenth of a point to 55.3. A rating over 50 indicates growth. The Southeast PMI reading is a composite of five variables – new orders, production, employment, supply deliveries and finished inventory.
