Southeastern Manufacturing Survey - August 1999 (July data)

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
July 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              13.1    54.3    32.6    19.4
Volume of Shipments                     17.0    50.0    33.0    16.0
Volume of New Orders                    23.2    41.6    35.2    12.0
Backlog of Orders                       24.6    52.1    23.2    -1.4
Materials Inventories                   17.9    65.4    16.7    -1.2
Finished Goods Inventories              16.8    58.7    24.5     7.8
Number of Employees                     9.7     72.6    17.7     8.0
Average Employee Workweek               11.6    71.7    16.7     5.1
Prices Received for Finished Goods*     6.8     79.5    13.7     6.8
Prices Paid for Raw Materials*          5.5     65.8    28.8    23.3
Volume of New Orders for Exports*       15.0    78.3    6.7     -8.3
Supplier Delivery Time*                 5.6     94.4    0.0      5.6
INDUSTRY BUSINESS ACTIVITY              13.9    57.0    29.1    15.2

*Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
July 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              20.5    28.6    50.9    30.4
Volume of Shipments                     18.2    30.1    51.7    33.5
Volume of New Orders                    17.5    31.4    51.1    33.6
Backlog of Orders                       18.0    48.5    33.5    15.5
Materials Inventories                   22.4    60.7    16.9    -5.4
Finished Goods Inventories              24.6    54.7    20.8    -3.8
Number of Employees                     19.8    53.3    26.8    7.0
Average Employee Workweek               16.4    63.4    20.2    3.7
Prices Received for Finished Goods      9.2     54.8    35.9    26.7
Prices Paid for Raw Materials           8.6     52.2    39.2    30.6
Capital Expenditures                    17.9    46.0    36.1    18.2
Volume of New Orders for Exports*       5.0     75.0    20.0    15.0
Supplier Delivery Time*                 5.8     89.9    4.3     1.4
INDUSTRY BUSINESS ACTIVITY              18.9    34.1    46.9    28.0

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
June 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              21.0    42.5    36.5    15.6
Volume of Shipments                     21.7    39.3    39.0    17.3
Volume of New Orders                    21.1    44.3    34.6    13.5
Backlog of Orders                       15.1    59.4    25.5    10.4
Materials Inventories                   18.5    63.6    17.9    -0.5
Finished Goods Inventories              20.9    55.2    23.9    3.0
Number of Employees                     9.8     78.1    12.1    2.2
Average Employee Workweek               10.6    71.0    18.4    7.7
Prices Received for Finished Goods*     6.8     83.8    9.5     2.7
Prices Paid for Raw Materials*          11.0    75.3    13.7    2.7
Volume of New Orders for Exports*       10.2    83.1    6.8     -3.4
Supplier Delivery Time*                 7.0     91.5    1.4     5.6
INDUSTRY BUSINESS ACTIVITY              16.0    55.5    28.5    12.5

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
June 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              19.0    33.3    47.7    28.8
Volume of Shipments                     20.5    29.3    50.2    29.7
Volume of New Orders                    19.6    36.5    43.9    24.3
Backlog of Orders                       18.2    58.7    23.1    4.9
Materials Inventories                   14.6    71.7    13.7    -0.9
Finished Goods Inventories              24.5    56.0    19.4    -5.1
Number of Employees                     19.5    57.1    23.4    3.9
Average Employee Workweek               13.9    75.3    10.8    -3.1
Prices Received for Finished Goods      11.4    61.0    27.6    16.1
Prices Paid for Raw Materials           12.2    59.3    28.5    16.3
Capital Expenditures                    15.1    48.8    36.1    21.0
Volume of New Orders for Exports*       3.3     82.0    14.8    11.5
Supplier Delivery Time*                 5.9     88.2    5.9     0.0
INDUSTRY BUSINESS ACTIVITY              17.9    35.3    46.8    29.0

*Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
July 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              19.2    54.8    26.0    6.8
Volume of Shipments                     21.9    50.7    27.4    5.5
Volume of New Orders                    28.8    42.5    28.8    0.0
Backlog of Orders                       26.1    50.7    23.2    -2.9
Materials Inventories                   18.1    66.7    15.3    -2.8
Finished Goods Inventories              21.4    55.7    22.9    1.4
Number of Employees                     11.0    69.9    19.2    8.2
Average Employee Workweek               11.0    75.3    13.7    2.7
Prices Received for Finished Goods      6.8     79.5    13.7    6.8
Prices Paid for Raw Materials           5.5     65.8    28.8    23.3
Volume of New Orders for Exports        15.0    78.3    6.7     -8.3
Supplier Delivery Time                  5.6     94.4    0.0     5.6
INDUSTRY BUSINESS ACTIVITY              16.7    58.3    25.0    8.3



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
July 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              25.0    30.6    44.4    19.4
Volume of Shipments                     25.0    29.2    45.8    20.8
Volume of New Orders                    22.2    31.9    45.8    23.6
Backlog of Orders                       26.1    43.5    30.4    4.3
Materials Inventories                   25.4    59.2    15.5    -9.9
Finished Goods Inventories              26.1    52.2    21.7    -4.3
Number of Employees                     20.8    55.6    23.6    2.8
Average Employee Workweek               22.2    63.9    13.9    -8.3
Prices Received for Finished Goods      11.1    55.6    33.3    22.2
Prices Paid for Raw Materials           8.3     52.8    38.9    30.6
Capital Expenditures                    20.9    47.8    31.3    10.4
Volume of New Orders for Exports        5.0     75.0    20.0    15.0
Supplier Delivery Time                  5.8     89.9    4.3     1.4
INDUSTRY BUSINESS ACTIVITY              25.0    33.8    41.2    16.2



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
July 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              22.2    23.6    54.2    31.9
Volume of Shipments                     25.0    26.4    48.6    23.6
Volume of New Orders                    25.0    27.8    47.2    22.2
Backlog of Orders                       23.2    39.1    37.7    14.5
Materials Inventories                   15.5    54.9    29.6    14.1
Finished Goods Inventories              18.8    46.4    34.8    15.9
Number of Employees                     12.7    43.7    43.7    31.0
Average Employee Workweek               9.7     65.3    25.0    15.3
Prices Received for Finished Goods      15.3    40.3    44.4    29.2
Prices Paid for Raw Materials           21.4    37.1    41.4    20.0
Capital Expenditures                    24.2    40.9    34.8    10.6
Volume of New Orders for Exports        11.7    73.3    15.0    3.3
Supplier Delivery Time                  11.4    85.7    2.9     8.6
INDUSTRY BUSINESS ACTIVITY              23.2    18.8    58.0    34.8



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
June 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              23.0    41.9    35.1    12.2
Volume of Shipments                     21.6    37.8    40.5    18.9
Volume of New Orders                    20.3    45.9    33.8    13.5
Backlog of Orders                       12.9    60.0    27.1    14.3
Materials Inventories                   18.1    62.5    19.4    1.4
Finished Goods Inventories              26.8    53.5    19.7    -7.0
Number of Employees                     6.8     76.7    16.4    9.6
Average Employee Workweek               8.1     71.6    20.3    12.2
Prices Received for Finished Goods      6.8     83.8    9.5     2.7
Prices Paid for Raw Materials           11.0    75.3    13.7    2.7
Volume of New Orders for Exports        10.2    83.1    6.8     -3.4
Supplier Delivery Time                  7.0     91.5    1.4     5.6
INDUSTRY BUSINESS ACTIVITY              14.1    56.3    29.6    15.5



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
June 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              24.3    35.1    40.5    16.2
Volume of Shipments                     29.7    28.4    41.9    12.2
Volume of New Orders                    28.4    36.5    35.1    6.8
Backlog of Orders                       21.4    60.0    18.6    -2.9
Materials Inventories                   18.3    70.4    11.3    -7.0
Finished Goods Inventories              26.8    53.5    19.7    -7.0
Number of Employees                     23.3    57.5    19.2    -4.1
Average Employee Workweek               20.3    71.6    8.1     -12.2
Prices Received for Finished Goods      9.7     68.1    22.2    12.5
Prices Paid for Raw Materials           11.0    65.8    23.3    12.3
Capital Expenditures                    14.3    51.4    34.3    20.0
Volume of New Orders for Exports        3.3     82.0    14.8    11.5
Supplier Delivery Time                  5.9     88.2    5.9     0.0
INDUSTRY BUSINESS ACTIVITY              26.1    33.3    40.6    14.5



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
June 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              23.0    20.3    56.8    33.8
Volume of Shipments                     28.4    17.6    54.1    25.7
Volume of New Orders                    20.3    28.4    51.4    31.1
Backlog of Orders                       21.4    42.9    35.7    14.3
Materials Inventories                   9.7     59.7    30.6    20.8
Finished Goods Inventories              16.9    47.9    35.2    18.3
Number of Employees                     20.5    42.5    37.0    16.4
Average Employee Workweek               12.2    63.5    24.3    12.2
Prices Received for Finished Goods      27.0    45.9    27.0    0.0
Prices Paid for Raw Materials           26.0    37.0    37.0    11.0
Capital Expenditures                    21.7    47.8    30.4    8.7
Volume of New Orders for Exports        11.5    73.8    14.8    3.3
Supplier Delivery Time                  10.1    84.1    5.8     4.3
INDUSTRY BUSINESS ACTIVITY              20.3    20.3    59.4    39.1