Southeastern Manufacturing Survey - April 2000 (March data)

FEDERAL RESERVE BANK OF ATLANTA                                            
                                                                           
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS                            
                                                                           
Seasonally Adjusted Data                                                   
                                                                           
Versus Last Month for:                                                     
MARCH 2000                                                                 
                                                                            
                                     Percent  Percent  Percent  Diffusion   
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index      
Production                              27.5    34.6    37.9    10.4       
Volume of Shipments                     29.7    34.6    35.7    6.0        
Volume of New Orders                    25.8    42.4    31.8    6.0        
Backlog of Orders                       27.6    54.8    17.7    -9.9       
Materials Inventories                   24.8    59.0    16.1    -8.7       
Finished Goods Inventories              31.1    51.2    17.7    -13.3      
Number of Employees                     19.2    70.0    10.9    -8.3       
Average Employee Workweek               18.1    62.7    19.1    1.0        
Prices Received for Finished Goods      11.3    71.1    17.6    6.3       
Prices Paid for Raw Materials           2.6     61.2    36.2    33.7      
Volume of New Orders for Exports*       7.6     83.3    9.1     1.5       
Supplier Delivery Time*                 5.0     91.3    3.8     1.3       
INDUSTRY BUSINESS ACTIVITY              20.1    40.5    39.4    19.3      
                                                                          
*Not Seasonally Adjusted                                                  
                                                                          
FEDERAL RESERVE BANK OF ATLANTA                                           
                                                                          
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS                           
                                                                          
Seasonally Adjusted Data                                                  
                                                                          
Six Months from Now for:                                                  
MARCH 2000                                                                 
                                                                           
                                     Percent  Percent  Percent  Diffusion  
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index      
Production                              15.8    45.0    39.2    23.4       
Volume of Shipments                     18.6    35.5    45.8    27.2       
Volume of New Orders                    16.2    40.0    43.8    27.6       
Backlog of Orders                       18.3    61.2    20.5    2.3        
Materials Inventories                   29.9    53.9    16.3    -13.6      
Finished Goods Inventories*             29.3    48.8    22.0    -7.3       
Number of Employees                     15.8    68.6    15.6    -0.2       
Average Employee Workweek               19.3    70.0    10.7    -8.5       
Prices Received for Finished Goods      8.7     55.0    36.3    27.6       
Prices Paid for Raw Materials           14.9    43.9    41.3    26.4       
Capital Expenditures*                   18.3    59.8    22.0    3.7        
Volume of New Orders for Exports*       4.3     82.9    12.9    8.6        
Supplier Delivery Time*                 2.5     91.3    6.3     -3.8       
INDUSTRY BUSINESS ACTIVITY              25.3    36.8    37.8    12.5       
                                                                           
* Not Seasonally Adjusted                                                  
                                                                           
FEDERAL RESERVE BANK OF ATLANTA                                            
                                                                           
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS                            
                                                                           
Seasonally Adjusted Data                                                   
                                                                           
Versus Last Month for:                                                     
FEBRUARY 1999                                                              
                                                                           
                                     Percent  Percent  Percent  Diffusion  
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index      
Production                              26.1    40.9    32.9    6.8        
Volume of Shipments                     32.0    30.6    37.5    5.5        
Volume of New Orders                    28.7    34.8    36.5    7.8        
Backlog of Orders                       22.5    52.1    25.5    3.0        
Materials Inventories                   28.1    54.8    17.1    -11.0      
Finished Goods Inventories              22.7    47.8    29.4    6.7        
Number of Employees                     16.2    67.4    16.3    0.1        
Average Employee Workweek               13.7    72.8    13.6    -0.1       
Prices Received for Finished Goods      13.8    70.8    15.4    1.6        
Prices Paid for Raw Materials           2.3     62.8    34.9    32.6       
Volume of New Orders for Exports*       2.7     86.5    10.8    8.1        
Supplier Delivery Time*                 4.6     90.8    4.6     0.0        
INDUSTRY BUSINESS ACTIVITY              23.6    53.3    23.1    -0.5       
                                                                           
* Not Seasonally Adjusted                                                  
                                                                           
FEDERAL RESERVE BANK OF ATLANTA                                            
                                                                           
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS                            
                                                                           
Seasonally Adjusted Data                                                   
                                                                           
Six Months from Now for:                                                   
FEBRUARY 1999                                                              
                                                                           
                                     Percent  Percent  Percent  Diffusion  
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index      
Production                              17.9    28.3    53.8    35.9       
Volume of Shipments                     19.2    27.6    53.2    33.9       
Volume of New Orders                    13.8    31.1    55.1    41.2        
Backlog of Orders                       22.9    55.8    21.3    -1.6       
Materials Inventories                   28.7    59.4    11.9    -16.7      
Finished Goods Inventories*             27.0    56.2    16.9    -10.1      
Number of Employees                     16.1    63.7    20.1    4.0        
Average Employee Workweek               17.2    66.5    16.3    -0.9       
Prices Received for Finished Goods      10.1    49.0    41.0    30.9       
Prices Paid for Raw Materials           8.9     39.1    52.0    43.1       
Capital Expenditures*                   15.5    51.2    33.3    17.9       
Volume of New Orders for Exports*       5.3     74.7    20.0    14.7       
Supplier Delivery Time*                 4.6     90.8    4.6     0.0        
INDUSTRY BUSINESS ACTIVITY              26.6    32.0    41.4    14.8       
                                                                           
*Not Seasonally Adjusted                                                   
                                                                           
FEDERAL RESERVE BANK OF ATLANTA                                            
                                                                           
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS                            
                                                                           
Not Seasonally Adjusted Data                                               
                                                                           
Versus Last Month for:                                                     
MARCH 2000                                                                 
                                                                           
                                     Percent  Percent  Percent  Diffusion  
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index      
Production                              17.9    38.1    44.0    26.2       
Volume of Shipments                     17.9    35.7    46.4    28.6       
Volume of New Orders                    19.0    42.9    38.1    19.0       
Backlog of Orders                       22.2    55.6    22.2    0.0        
Materials Inventories                   25.0    58.3    16.7    -8.3       
Finished Goods Inventories              29.3    50.0    20.7    -8.5       
Number of Employees                     16.7    69.0    14.3    -2.4       
Average Employee Workweek               14.3    65.5    20.2    6.0        
Prices Received for Finished Goods      9.6     72.3    18.1    8.4        
Prices Paid for Raw Materials           3.6     59.0    37.3    33.7       
Volume of New Orders for Exports        7.6     83.3    9.1     1.5        
Supplier Delivery Time                  5.0     91.3    3.8     1.3        
INDUSTRY BUSINESS ACTIVITY              13.4    40.2    46.3    32.9       
                                                                           
                                                                           
                                                                          
FEDERAL RESERVE BANK OF ATLANTA                                           
                                                                          
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS                           
                                                                          
Not Seasonally Adjusted Data                                              
                                                                          
Six Months from Now for:                                                  
MARCH 2000                                                                
                                                                          
                                     Percent  Percent  Percent  Diffusion 
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index     
Production                              16.7    41.7    41.7    25.0      
Volume of Shipments                     17.9    33.3    48.8    31.0      
Volume of New Orders                    16.9    39.8    43.4    26.5      
Backlog of Orders                       21.0    58.0    21.0    0.0       
Materials Inventories                   32.1    52.4    15.5    -16.7     
Finished Goods Inventories              29.3    48.8    22.0    -7.3      
Number of Employees                     16.9    67.5    15.7    -1.2      
Average Employee Workweek               20.2    66.7    13.1    -7.1      
Prices Received for Finished Goods      8.4     55.4    36.1    27.7      
Prices Paid for Raw Materials           13.3    47.0    39.8    26.5      
Capital Expenditures                    18.3    59.8    22.0    3.7       
Volume of New Orders for Exports        4.3     82.9    12.9    8.6       
Supplier Delivery Time                  2.5     91.3    6.3     -3.8      
INDUSTRY BUSINESS ACTIVITY              23.4    35.1    41.6    18.2      
                                                                          
                                                                          
                                                                          
FEDERAL RESERVE BANK OF ATLANTA                                           
                                                                          
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS                           
                                                                          
Not Seasonally Adjusted Data                                              
                                                                          
Year Ago for:                                                             
MARCH 2000                                                                
                                                                          
                                     Percent  Percent  Percent  Diffusion 
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index     
Production                              26.2    17.9    56.0    29.8      
Volume of Shipments                     28.6    13.1    58.3    29.8      
Volume of New Orders                    26.2    19.0    54.8    28.6      
Backlog of Orders                       22.5    38.8    38.8    16.3      
Materials Inventories                   22.9    42.2    34.9    12.0      
Finished Goods Inventories              25.3    39.8    34.9    9.6       
Number of Employees                     33.3    36.9    29.8    -3.6      
Average Employee Workweek               17.9    54.8    27.4    9.5       
Prices Received for Finished Goods      15.7    44.6    39.8    24.1      
Prices Paid for Raw Materials           10.8    27.7    61.4    50.6      
Capital Expenditures                    20.5    39.8    39.8    19.3      
Volume of New Orders for Exports        5.7     78.6    15.7    10.0      
Supplier Delivery Time                  10.0    81.3    8.8     1.3       
INDUSTRY BUSINESS ACTIVITY              27.5    17.5    55.0    27.5      
                                                                          
                                                                          
                                                                          
FEDERAL RESERVE BANK OF ATLANTA                                           
                                                                          
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS                           
                                                                          
Not Seasonally Adjusted Data                                              
                                                                          
Versus Last Month for:                                                    
FEBRUARY 1999                                                             
                                                                          
                                     Percent  Percent  Percent  Diffusion 
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index     
Production                              22.0    42.9    35.2    13.2      
Volume of Shipments                     23.3    34.4    42.2    18.9      
Volume of New Orders                    22.0    38.5    39.6    17.6      
Backlog of Orders                       20.7    51.7    27.6    6.9       
Materials Inventories                   25.6    56.7    17.8    -7.8      
Finished Goods Inventories              20.2    49.4    30.3    10.1      
Number of Employees                     14.4    67.8    17.8    3.3       
Average Employee Workweek               11.0    72.5    16.5    5.5       
Prices Received for Finished Goods      12.1    71.4    16.5    4.4       
Prices Paid for Raw Materials           5.5     60.4    34.1    28.6      
Volume of New Orders for Exports        2.7     86.5    10.8    8.1       
Supplier Delivery Time                  4.6     90.8    4.6     0.0       
INDUSTRY BUSINESS ACTIVITY              21.3    53.9    24.7    3.4       
                                                                          
                                                                          
                                                                          
FEDERAL RESERVE BANK OF ATLANTA                                           
                                                                          
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS                           
                                                                          
Not Seasonally Adjusted Data                                              
                                                                          
Six Months from Now for:                                                  
FEBRUARY 1999                                                             
                                                                          
                                     Percent  Percent  Percent  Diffusion 
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index     
Production                              14.3    27.5    58.2    44.0      
Volume of Shipments                     15.4    26.4    58.2    42.9      
Volume of New Orders                    11.0    30.8    58.2    47.3      
Backlog of Orders                       18.6    57.0    24.4    5.8       
Materials Inventories                   27.8    60.0    12.2    -15.6     
Finished Goods Inventories              27.0    56.2    16.9    -10.1     
Number of Employees                     15.7    61.8    22.5    6.7       
Average Employee Workweek               14.3    65.9    19.8    5.5       
Prices Received for Finished Goods      7.7     51.6    40.7    33.0      
Prices Paid for Raw Materials           10.0    36.7    53.3    43.3      
Capital Expenditures                    15.5    51.2    33.3    17.9      
Volume of New Orders for Exports        5.3     74.7    20.0    14.7      
Supplier Delivery Time                  4.6     90.8    4.6     0.0       
INDUSTRY BUSINESS ACTIVITY              19.5    30.5    50.0    30.5      
                                                                          
                                                                          
                                                                          
FEDERAL RESERVE BANK OF ATLANTA                                           
                                                                          
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS                           
                                                                          
Not Seasonally Adjusted Data                                              
                                                                          
Year Ago for:                                                             
FEBRUARY 1999                                                             
                                                                          
                                     Percent  Percent  Percent  Diffusion 
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index     
Production                              28.6    13.2    58.2    29.7      
Volume of Shipments                     26.4    16.5    57.1    30.8      
Volume of New Orders                    22.0    22.0    56.0    34.1      
Backlog of Orders                       24.1    40.2    35.6    11.5      
Materials Inventories                   18.9    45.6    35.6    16.7      
Finished Goods Inventories              24.7    37.1    38.2    13.5      
Number of Employees                     31.1    32.2    36.7    5.6       
Average Employee Workweek               15.4    54.9    29.7    14.3      
Prices Received for Finished Goods      20.9    39.6    39.6    18.7      
Prices Paid for Raw Materials           8.8     29.7    61.5    52.7      
Capital Expenditures                    21.8    46.0    32.2    10.3      
Volume of New Orders for Exports        4.1     74.3    21.6    17.6      
Supplier Delivery Time                  9.2     83.9    6.9     2.3       
INDUSTRY BUSINESS ACTIVITY              30.6    18.8    50.6    20.0