Southeastern Manufacturing Survey - April 1997 (March data)

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
mar97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              19.6%    51.9%    28.4%     8.8
Volume of Shipments                     29.6%    41.7%    28.7%    -0.9
Volume of New Orders                    27.5%    45.9%    26.7%    -0.8
Backlog of Orders                       28.6%    56.0%    15.4%   -13.2
Materials Inventories                   24.9%    60.9%    14.2%   -10.7
Finished Goods Inventories              25.0%    51.0%    24.0%    -1.0
Number of Employees                     15.4%    66.5%    18.2%     2.8
Average Employee Workweek               15.6%    68.0%    16.4%     0.7
Prices Received for Finished Goods*     11.7%    73.8%    14.6%     2.9
Prices Paid for Raw Materials           14.2%    56.4%    29.4%    15.2
Volume of New Orders for Exports         9.9%    84.9%     5.2%    -4.7
Supplier Delivery Time*                  6.1%    91.8%     2.0%     4.1
INDUSTRY BUSINESS ACTIVITY              19.6%    50.6%    29.8%    10.3

*Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
mar97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              19.4%    29.5%    51.1%    31.7
Volume of Shipments                     17.2%    28.3%    54.5%    37.3
Volume of New Orders                    21.1%    35.1%    43.8%    22.7
Backlog of Orders                       26.2%    49.3%    24.5%    -1.6
Materials Inventories                   27.2%    55.3%    17.6%    -9.6
Finished Goods Inventories              30.7%    53.8%    15.5%   -15.2
Number of Employees                     20.0%    57.8%    22.1%     2.1
Average Employee Workweek               21.2%    62.7%    16.1%    -5.1
Prices Received for Finished Goods       8.5%    59.2%    32.4%    23.9
Prices Paid for Raw Materials            9.3%    42.1%    48.6%    39.3
Capital Expenditures                    13.9%    54.4%    31.7%    17.8
Volume of New Orders for Exports*        6.0%    72.6%    21.4%    15.5
Supplier Delivery Time                   7.4%    85.0%     9.0%    -1.6
INDUSTRY BUSINESS ACTIVITY              24.2%    29.0%    46.8%    22.6

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
feb97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              24.2%    44.7%    31.1%     6.9
Volume of Shipments                     20.8%    43.9%    35.3%    14.5
Volume of New Orders                    18.8%    48.0%    33.2%    14.3
Backlog of Orders                       29.4%    52.5%    18.1%   -11.3
Materials Inventories                   24.6%    55.5%    19.9%    -4.7
Finished Goods Inventories              29.4%    42.4%    28.2%    -1.2
Number of Employees                     16.5%    67.7%    15.7%    -0.8
Average Employee Workweek               15.7%    63.8%    20.4%     4.7
Prices Received for Finished Goods*     11.0%    77.1%    11.9%     0.9
Prices Paid for Raw Materials            8.9%    64.6%    26.5%    17.7
Volume of New Orders for Exports         6.5%    78.0%    15.5%     9.0
Supplier Delivery Time*                  3.8%    93.3%     2.9%     1.0
INDUSTRY BUSINESS ACTIVITY              17.8%    57.2%    25.0%     7.1

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
feb97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              17.1%    33.4%    49.6%    32.5
Volume of Shipments                     18.3%    27.7%    54.0%    35.6
Volume of New Orders                    17.6%    37.0%    45.4%    27.7
Backlog of Orders                       22.4%    53.7%    23.9%     1.5
Materials Inventories                   30.0%    55.8%    14.2%   -15.8
Finished Goods Inventories              29.0%    52.9%    18.0%   -11.0
Number of Employees                     24.6%    53.4%    22.0%    -2.6
Average Employee Workweek               21.5%    65.8%    12.8%    -8.7
Prices Received for Finished Goods       8.3%    66.0%    25.7%    17.4
Prices Paid for Raw Materials           14.5%    43.7%    41.9%    27.4
Capital Expenditures                    18.8%    53.1%    28.1%     9.3
Volume of New Orders for Exports*        5.7%    75.9%    18.4%    12.6
Supplier Delivery Time                   0.7%    92.4%     6.4%    -5.8
INDUSTRY BUSINESS ACTIVITY              11.8%    37.2%    51.0%    39.2

*Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
mar97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              12.6%    48.5%    38.8%    26.2
Volume of Shipments                     22.3%    38.8%    38.8%    16.5
Volume of New Orders                    21.4%    46.6%    32.0%    10.7
Backlog of Orders                       23.5%    56.1%    20.4%    -3.1
Materials Inventories                   21.6%    63.7%    14.7%    -6.9
Finished Goods Inventories              20.6%    51.5%    27.8%     7.2
Number of Employees                     14.6%    67.0%    18.4%     3.9
Average Employee Workweek               13.6%    68.9%    17.5%     3.9
Prices Received for Finished Goods      11.7%    73.8%    14.6%     2.9
Prices Paid for Raw Materials           12.7%    56.9%    30.4%    17.7
Volume of New Orders for Exports         9.6%    80.7%     9.6%     0.0
Supplier Delivery Time                   6.1%    91.8%     2.0%     4.1
INDUSTRY BUSINESS ACTIVITY              16.0%    47.0%    37.0%    21.0



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
mar97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              18.8%    31.7%    49.5%    30.7
Volume of Shipments                     16.8%    29.7%    53.5%    36.6
Volume of New Orders                    20.8%    33.7%    45.5%    24.8
Backlog of Orders                       26.3%    49.5%    24.2%    -2.1
Materials Inventories                   29.0%    56.0%    15.0%   -14.0
Finished Goods Inventories              33.0%    53.6%    13.4%   -19.6
Number of Employees                     20.2%    57.6%    22.2%     2.0
Average Employee Workweek               22.8%    61.4%    15.8%    -6.9
Prices Received for Finished Goods       8.9%    59.4%    31.7%    22.8
Prices Paid for Raw Materials            8.9%    46.5%    44.6%    35.6
Capital Expenditures                    15.0%    55.0%    30.0%    15.0
Volume of New Orders for Exports         6.0%    72.6%    21.4%    15.5
Supplier Delivery Time                   7.4%    86.3%     6.3%     1.1
INDUSTRY BUSINESS ACTIVITY              22.2%    31.3%    46.5%    24.2



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
mar97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              24.8%    26.7%    48.5%    23.8
Volume of Shipments                     29.7%    25.7%    44.6%    14.9
Volume of New Orders                    26.7%    34.7%    38.6%    11.9
Backlog of Orders                       29.2%    44.8%    26.0%    -3.1
Materials Inventories                   22.8%    51.5%    25.7%     3.0
Finished Goods Inventories              25.0%    42.7%    32.3%     7.3
Number of Employees                     25.0%    33.0%    42.0%    17.0
Average Employee Workweek               20.8%    63.4%    15.8%    -5.0
Prices Received for Finished Goods      25.5%    31.4%    43.1%    17.7
Prices Paid for Raw Materials           21.0%    20.0%    59.0%    38.0
Capital Expenditures                    24.0%    42.0%    34.0%    10.0
Volume of New Orders for Exports        14.5%    66.3%    19.3%     4.8
Supplier Delivery Time                   8.2%    80.4%    11.3%    -3.1
INDUSTRY BUSINESS ACTIVITY              23.0%    35.0%    42.0%    19.0



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
feb97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              20.0%    44.5%    35.5%    15.5
Volume of Shipments                     16.5%    45.0%    38.5%    22.0
Volume of New Orders                    14.7%    48.6%    36.7%    22.0
Backlog of Orders                       24.0%    54.8%    21.2%    -2.9
Materials Inventories                   20.4%    59.3%    20.4%     0.0
Finished Goods Inventories              24.3%    42.7%    33.0%     8.7
Number of Employees                     14.5%    68.2%    17.3%     2.7
Average Employee Workweek               11.9%    67.9%    20.2%     8.3
Prices Received for Finished Goods      11.0%    77.1%    11.9%     0.9
Prices Paid for Raw Materials            8.3%    63.3%    28.4%    20.2
Volume of New Orders for Exports         4.7%    80.0%    15.3%    10.6
Supplier Delivery Time                   3.8%    93.3%     2.9%     1.0
INDUSTRY BUSINESS ACTIVITY              14.7%    58.7%    26.6%    11.9



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
feb97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              14.0%    33.6%    52.3%    38.3
Volume of Shipments                     14.2%    28.3%    57.5%    43.4
Volume of New Orders                    15.7%    37.0%    47.2%    31.5
Backlog of Orders                       19.4%    53.4%    27.2%     7.8
Materials Inventories                   27.4%    55.7%    17.0%   -10.4
Finished Goods Inventories              30.4%    51.0%    18.6%   -11.8
Number of Employees                     22.0%    55.0%    22.9%     0.9
Average Employee Workweek               17.6%    66.7%    15.7%    -1.9
Prices Received for Finished Goods       7.3%    63.3%    29.4%    22.0
Prices Paid for Raw Materials           14.8%    44.4%    40.7%    25.9
Capital Expenditures                    16.2%    53.3%    30.5%    14.3
Volume of New Orders for Exports         5.7%    75.9%    18.4%    12.6
Supplier Delivery Time                   3.0%    92.0%     5.0%    -2.0
INDUSTRY BUSINESS ACTIVITY               8.5%    35.8%    55.7%    47.2



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
feb97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              25.7%    22.0%    52.3%    26.6
Volume of Shipments                     25.9%    25.9%    48.1%    22.2
Volume of New Orders                    25.0%    27.8%    47.2%    22.2
Backlog of Orders                       25.2%    38.8%    35.9%    10.7
Materials Inventories                   28.0%    40.2%    31.8%     3.7
Finished Goods Inventories              33.3%    33.3%    33.3%     0.0
Number of Employees                     29.4%    35.8%    34.9%     5.5
Average Employee Workweek               20.4%    50.0%    29.6%     9.3
Prices Received for Finished Goods      18.5%    35.2%    46.3%    27.8
Prices Paid for Raw Materials           17.6%    22.2%    60.2%    42.6
Capital Expenditures                    22.3%    52.4%    25.2%     2.9
Volume of New Orders for Exports         6.9%    69.0%    24.1%    17.2
Supplier Delivery Time                   7.9%    75.2%    16.8%    -8.9
INDUSTRY BUSINESS ACTIVITY              27.1%    29.9%    43.0%    15.9