The fourth quarter GIBI dropped by 14.8 points from 70.5 in the third quarter to 55.8. According to the report, this decrease is largely due to weaknesses in new orders, production and capital spending. Employment was the only component to increase by 4.9 points.
The Georgia International Business Index provides a quarterly snapshot of manufacturing activity for foreign-funded businesses in the state. The survey is a composite of four components — new orders, production, employment and capital spending. A GIBI reading above 50 indicates manufacturing activity is expanding; a reading below 50 indicates it is contracting.