Southeastern Manufacturing Survey - December 1995 (November data)

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
NOV95

                                                      Percent  Percent  Percent Diffusion
SOUTHEASTERN PLANT INDICATORS                        Decrease No Change Increase  Index
Production                                             26.0%    42.4%    31.6%     5.5
Volume of Shipments                                    27.2%    38.3%    34.5%     7.4
Volume of New Orders                                   33.5%    37.5%    28.9%    -4.6
Backlog of Orders                                      32.4%    48.0%    19.6%   -12.8
Materials Inventories                                  21.4%    62.2%    16.5%    -4.9
Finished Goods Inventories                             27.1%    53.3%    19.6%    -7.5
Number of Employees                                    22.7%    59.4%    17.9%    -4.8
Average Employee Workweek                              18.3%    59.1%    22.6%     4.3
Prices Received for Finished Goods                     18.3%    68.7%    13.0%    -5.2
Prices Paid for Raw Materials                          15.2%    64.2%    20.6%     5.4
Volume of New Orders for Exports                        7.7%    78.5%    13.8%     6.1
Supplier Delivery Time                                  9.3%    84.3%     6.5%     2.8
INDUSTRY BUSINESS ACTIVITY                             32.2%    48.8%    19.0%   -13.1

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
NOV95

                                                      Percent  Percent  Percent Diffusion
SOUTHEASTERN PLANT INDICATORS                        Decrease No Change Increase  Index
Production                                             17.2%    40.4%    42.4%    25.2
Volume of Shipments                                    17.1%    41.6%    41.4%    24.3
Volume of New Orders                                   19.7%    42.8%    37.5%    17.9
Backlog of Orders                                      24.8%    56.7%    18.5%    -6.3
Materials Inventories                                  25.8%    62.6%    11.6%   -14.1
Finished Goods Inventories                             26.1%    57.1%    16.8%    -9.3
Number of Employees                                    26.2%    61.7%    12.1%   -14.0
Average Employee Workweek                              19.3%    63.9%    16.8%    -2.5
Prices Received for Finished Goods                     13.9%    61.9%    24.2%    10.3
Prices Paid for Raw Materials                          12.1%    46.0%    41.9%    29.8
Capital Expenditures                                   15.5%    51.4%    33.2%    17.7
Volume of New Orders for Exports                        6.2%    73.8%    20.0%    13.7
Supplier Delivery Time                                  2.9%    88.2%     8.8%    -5.9
INDUSTRY BUSINESS ACTIVITY                             16.2%    54.8%    29.0%    12.7

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
OCT95

                                                      Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS                      Decrease  No Change Increase  Index
Production                                             27.9%    34.9%    37.3%     9.4
Volume of Shipments                                    32.3%    30.3%    37.4%     5.1
Volume of New Orders                                   28.3%    42.9%    28.8%     0.5
Backlog of Orders                                      35.6%    43.4%    21.0%   -14.7
Materials Inventories                                  24.6%    57.2%    18.2%    -6.4
Finished Goods Inventories                             24.2%    46.2%    29.6%     5.3
Number of Employees                                    25.0%    63.5%    11.5%   -13.5
Average Employee Workweek                              20.8%    58.2%    21.1%     0.3
Prices Received for Finished Goods                     11.6%    76.0%    12.4%     0.8
Prices Paid for Raw Materials                           7.9%    71.5%    20.6%    12.6
Volume of New Orders for Exports                       10.1%    75.0%    14.8%     4.7
Supplier Delivery Time                                  8.0%    86.4%     5.6%     2.4
INDUSTRY BUSINESS ACTIVITY                             22.8%    59.0%    18.2%    -4.5

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
OCT95

                                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS                        Decrease  No Change Increase Index
Production                                             16.1%    39.2%    44.6%    28.5
Volume of Shipments                                    17.9%    37.9%    44.2%    26.3
Volume of New Orders                                   20.0%    37.1%    42.9%    22.9
Backlog of Orders                                      23.1%    51.0%    25.9%     2.8
Materials Inventories                                  23.9%    64.3%    11.7%   -12.2
Finished Goods Inventories                             29.2%    59.3%    11.5%   -17.7
Number of Employees                                    25.7%    56.5%    17.9%    -7.8
Average Employee Workweek                              14.9%    66.7%    18.3%     3.4
Prices Received for Finished Goods                     15.3%    58.0%    26.7%    11.4
Prices Paid for Raw Materials                          11.2%    43.1%    45.6%    34.4
Capital Expenditures                                   12.6%    53.7%    33.7%    21.1
Volume of New Orders for Exports                        4.2%    65.5%    30.3%    26.0
Supplier Delivery Time                                  4.9%    81.1%    13.9%    -9.0
INDUSTRY BUSINESS ACTIVITY                             14.3%    50.8%    34.9%    20.6

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
NOV95

                                                      Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS                        Decrease  No Change Increase  Index
Production                                             28.1%    48.2%    23.7%    -4.4
Volume of Shipments                                    30.7%    43.9%    25.4%    -5.3
Volume of New Orders                                   36.0%    37.7%    26.3%    -9.7
Backlog of Orders                                      35.4%    47.8%    16.8%   -18.6
Materials Inventories                                  22.1%    64.6%    13.3%    -8.9
Finished Goods Inventories                             26.1%    55.0%    18.9%    -7.2
Number of Employees                                    25.4%    58.8%    15.8%    -9.7
Average Employee Workweek                              20.2%    62.3%    17.5%    -2.6
Prices Received for Finished Goods                     18.3%    68.7%    13.0%    -5.2
Prices Paid for Raw Materials                          13.9%    68.7%    17.4%     3.5
Volume of New Orders for Exports                        8.0%    80.5%    11.5%     3.5
Supplier Delivery Time                                  9.3%    84.3%     6.5%     2.8
INDUSTRY BUSINESS ACTIVITY                             33.9%    51.3%    14.8%   -19.1

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
NOV95

                                                     Percent  Percent  Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS                        Decrease No Change Increase  Index
Production                                             9.7%    37.2%    53.1%    43.4
Volume of Shipments                                    8.8%    38.1%    53.1%    44.3
Volume of New Orders                                  11.5%    38.9%    49.6%    38.1
Backlog of Orders                                     18.2%    56.4%    25.5%     7.3
Materials Inventories                                 23.4%    61.3%    15.3%    -8.1
Finished Goods Inventories                            25.2%    57.0%    17.8%    -7.5
Number of Employees                                   20.4%    59.3%    20.4%     0.0
Average Employee Workweek                             13.3%    66.4%    20.4%     7.1
Prices Received for Finished Goods                    13.2%    56.1%    30.7%    17.5
Prices Paid for Raw Materials                         12.3%    44.7%    43.0%    30.7
Capital Expenditures                                  15.7%    45.4%    38.9%    23.2
Volume of New Orders for Exports                       5.5%    70.3%    24.2%    18.7
Supplier Delivery Time                                 2.9%    88.2%     8.8%    -5.9
INDUSTRY BUSINESS ACTIVITY                             9.1%    47.3%    43.6%    34.6

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
NOV95

                                                      Percent  Percent  Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS                        Decrease  No Change Increase  Index
Production                                             33.6%    27.4%    38.9%     5.3
Volume of Shipments                                    33.6%    20.4%    46.0%    12.4
Volume of New Orders                                   32.7%    29.2%    38.1%     5.3
Backlog of Orders                                      36.4%    42.7%    20.9%   -15.5
Materials Inventories                                  25.0%    45.5%    29.5%     4.5
Finished Goods Inventories                             29.1%    37.3%    33.6%     4.6
Number of Employees                                    37.5%    26.8%    35.7%    -1.8
Average Employee Workweek                              25.4%    58.8%    15.8%    -9.7
Prices Received for Finished Goods                     19.5%    32.7%    47.8%    28.3
Prices Paid for Raw Materials                          11.4%    23.7%    64.9%    53.5
Capital Expenditures                                   18.7%    42.1%    39.3%    20.6
Volume of New Orders for Exports                       11.8%    65.6%    22.6%    10.8
Supplier Delivery Time                                 12.5%    76.0%    11.5%     1.0
INDUSTRY BUSINESS ACTIVITY                             38.9%    24.8%    36.3%    -2.7

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
OCT95

                                                      Percent  Percent  Percent Diffusion
SOUTHEASTERN PLANT INDICATORS                        Decrease No Change Increase  Index
Production                                             29.2%    37.7%    33.1%     3.9
Volume of Shipments                                    30.8%    33.8%    35.4%     4.6
Volume of New Orders                                   32.3%    43.1%    24.6%    -7.7
Backlog of Orders                                      36.5%    46.8%    16.7%   -19.8
Materials Inventories                                  26.9%    56.9%    16.2%   -10.8
Finished Goods Inventories                             25.4%    47.6%    27.0%     1.6
Number of Employees                                    26.2%    62.3%    11.5%   -14.6
Average Employee Workweek                              21.5%    62.3%    16.2%    -5.4
Prices Received for Finished Goods                     11.6%    76.0%    12.4%     0.8
Prices Paid for Raw Materials                           7.8%    70.5%    21.7%    14.0
Volume of New Orders for Exports                       10.3%    79.4%    10.3%     0.0
Supplier Delivery Time                                  8.0%    86.4%     5.6%     2.4
INDUSTRY BUSINESS ACTIVITY                             25.2%    58.3%    16.5%    -8.7

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
OCT95

                                                      Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS                        Decrease  No Change Increase  Index
Production                                             12.6%    38.6%    48.8%    36.2
Volume of Shipments                                    14.1%    37.5%    48.4%    34.4
Volume of New Orders                                   15.6%    38.3%    46.1%    30.5
Backlog of Orders                                      21.3%    49.2%    29.5%     8.2
Materials Inventories                                  24.6%    61.9%    13.5%   -11.1
Finished Goods Inventories                             27.4%    61.3%    11.3%   -16.1
Number of Employees                                    24.2%    56.3%    19.5%    -4.7
Average Employee Workweek                              14.1%    64.8%    21.1%     7.0
Prices Received for Finished Goods                     17.2%    50.0%    32.8%    15.6
Prices Paid for Raw Materials                          13.3%    41.4%    45.3%    32.0
Capital Expenditures                                   14.9%    50.4%    34.7%    19.8
Volume of New Orders for Exports                        3.9%    64.7%    31.4%    27.5
Supplier Delivery Time                                 4.9%     81.1%    13.9%    -9.0
INDUSTRY BUSINESS ACTIVITY                             11.4%    48.0%    40.7%    29.3

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
OCT95

                                                     Percent  Percent  Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS                     Decrease  No Change Increase  Index
Production                                             36.4%    16.3%    47.3%    10.9
Volume of Shipments                                    34.9%    12.4%    52.7%    17.8
Volume of New Orders                                   36.7%    20.3%    43.0%     6.3
Backlog of Orders                                      36.6%    30.1%    33.3%    -3.3
Materials Inventories                                  30.5%    40.6%    28.9%    -1.6
Finished Goods Inventories                             28.0%    32.8%    39.2%    11.2
Number of Employees                                    40.3%    26.4%    33.3%    -7.0
Average Employee Workweek                              25.6%    55.8%    18.6%    -7.0
Prices Received for Finished Goods                     17.8%    31.8%    50.4%    32.6
Prices Paid for Raw Materials                           9.3%    15.5%    75.2%    65.9
Capital Expenditures                                   21.3%    36.9%    41.8%    20.5
Volume of New Orders for Exports                       13.3%    54.3%    32.4%    19.1
Supplier Delivery Time                                 14.8%    68.0%    17.2%    -2.5
INDUSTRY BUSINESS ACTIVITY                             37.3%    21.4%    41.3%     4.0