1 of 5

Change In Percent of Georgia Participants Reporting Higher, Same and Lower MAY - APRIL

Higher Same Lower

New Orders -17.6 -5.5 23.1

Production -17.6 9.9 7.7

Employment 2.7 -2.7 0.0

Deliveries 1.6 -1.6 0.0

Finished Inventory -12.6 3.8 8.8

Commodity Prices -19.2 11.0 8.2

PMI Georgia, PMI Southeast, and PMI National

Dec '16 Jan '17 Feb '17 Mar '17 Apr '17 May '17 May - Apr

PMI GA 55.6 52.0 63.1 72.4 72.1 63.8 -8.3

PMI Southeast 53.8 52.1 64.3 68.5 64.2 58.5 -5.7

PMI National 54.5 56.0 57.7 57.2 54.8 54.9 +0.1

Georgia Purchasing Manager’s Index Report

Furnished by Roger Tutterow, Ph.D., Kennesaw State University Econometric Center

Georgia and Southeastern Manufacturing activity continues to expand, but it is outpacing the national index by a smaller margin. New Orders and Production components reverting to more moderate pace. The Employment component remains consistent with additional

June 3, 2017

2 of 5

GEORGIA PMI COMPONENTS

3 of 5

GEORGIA PMI COMPONENTS (cont’d)

4 of 5

GEORGIA PMI COMPONENTS (cont’d)

Specific commodities UP IN PRICE were: "Steel, cop-per, rubber, titanium dioxide, galvanized steel, boxes and packaging, pails, latex polymers, Ti02, #2 fuel oil, corrugat-ed products, high performance paper, pine (for pallets), stretch film, petroleum coke, HCL, ammonia, powder paint, cartons, fabrics, steel, steel cord, beadwire, paper, adhe-sive, antimony oxide, titanium dioxide, fuel, plastic material such as PE and PP."

Specific commodities DOWN IN PRICE were:

"Plastic resin, natural rubber, synthetic rubber, carbon black, polyethylene."

Items in Short Supply- Specific commodities, materials or finished products I buy that were in short supply last month are:

"Some hydraulic components, diatomaceous earth, Ti02, titanium dioxide."

Buying Policy - Report here any change during the last month, versus the prior month, in the number of days ahead you are committing for purchases of production ma-terials, MRO supplies and capital spending:

"Working on Inventory Reduction initiatives."

"We will not turn loads away on items in short supply whether we need them or not. We're squirreling up."

General Remarks - Give your frank opinion on any con-ditions, local, national or international, that affect your pur-chasing operation or your company’s outlook:

"We are hearing rumors of imminent price increases on PVC products."

"Industry fundamentals are still good."

"Tennessee just passed a bill to provide extra funding for infrastructure which will create higher demand for our cus-tomers in Tennessee."

"Still strong but softening a bit over the next few months."

"Multi-wall paper and linerboard costs are increasing."

"Economy is strong, seasonal summer-oriented businesses slowing (product in stores)."

"Business is getting better due to tracking returning."

"We are seeing steady price increases each month."

COMMENTS FROM SURVEY PARTICIPANTS REGARDING CONDITIONS THAT AFFECT PURCHASING OPERATION

Industrial production advanced 1.0 percent in April for its third consecutive monthly increase and its largest gain since February 2014.

Manufacturing output rose 1.0 percent as a result of wide-spread increases among its major industries. The indexes for mining and utilities posted gains of 1.2 percent and 0.7 percent, respectively.

5 of 5

INDUSTRIAL PRODUCTION REPORT

At 105.1 percent of its 2012 average, total industrial pro-duction in April was 2.2 percent above its year-earlier level.

Capacity utilization for the industrial sector increased 0.6 percentage point in April to 76.7 percent, a rate that is 3.2 percentage points below its long-run (1972–2016) aver-age.