Southeastern Manufacturing Survey - December 1999 (November data)

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
NOVEMBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              18.4    39.0    42.6    24.2
Volume of Shipments                     18.6    34.8    46.5    27.9
Volume of New Orders                    23.1    45.5    31.3    8.2
Backlog of Orders                       20.2    57.4    22.4    2.2
Materials Inventories                   17.1    59.3    23.6    6.5
Finished Goods Inventories              26.9    50.8    22.3    -4.6
Number of Employees                     12.2    74.6    13.1    0.9
Average Employee Workweek               13.7    68.3    18.0    4.3
Prices Received for Finished Goods*     6.7     76.0    17.3    10.7
Prices Paid for Raw Materials*          7.9     67.1    25.0    17.1
Volume of New Orders for Exports*       4.8     88.9    6.3     1.6
Supplier Delivery Time*                 13.5    85.1    1.4     12.2
INDUSTRY BUSINESS ACTIVITY              18.5    41.3    40.2    21.7

*Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
NOVEMBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              18.8    36.8    44.4    25.6
Volume of Shipments                     20.6    32.7    46.7    26.1
Volume of New Orders                    20.4    40.1    39.5    19.1
Backlog of Orders                       21.1    51.9    27.0    5.9
Materials Inventories                   25.0    63.0    12.0    -13.1
Finished Goods Inventories              33.2    51.8    15.0    -18.2
Number of Employees                     21.5    59.9    18.5    -3.0
Average Employee Workweek               18.1    64.4    17.5    -0.5
Prices Received for Finished Goods      10.4    50.0    39.6    29.2
Prices Paid for Raw Materials           12.4    45.3    42.3    29.9
Capital Expenditures                    16.3    58.5    25.2    9.0
Volume of New Orders for Exports*       3.2     85.7    11.1    7.9
Supplier Delivery Time*                 2.7     86.3    11.0    -8.2
INDUSTRY BUSINESS ACTIVITY              20.5    34.3    45.2    24.7

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
OCTOBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              23.4    32.9    43.7    20.3
Volume of Shipments                     19.7    36.2    44.1    24.4
Volume of New Orders                    20.5    47.0    32.5    12.0
Backlog of Orders                       17.6    58.8    23.6    6.0
Materials Inventories                   17.4    65.6    17.0    -0.3
Finished Goods Inventories              24.5    51.3    24.2    -0.3
Number of Employees                     13.4    68.4    18.2    4.8
Average Employee Workweek               17.2    64.3    18.5    1.4
Prices Received for Finished Goods*     12.2    70.7    17.1    4.9
Prices Paid for Raw Materials*          7.3     67.1    25.6    18.3
Volume of New Orders for Exports*       7.2     85.5    7.2     0.0
Supplier Delivery Time*                 10.1    88.6    1.3     8.9
INDUSTRY BUSINESS ACTIVITY              20.6    44.3    35.1    14.4

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
OCTOBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              20.1    37.7    42.2    22.1
Volume of Shipments                     21.0    31.5    47.4    26.4
Volume of New Orders                    20.7    38.2    41.1    20.4
Backlog of Orders                       26.0    59.3    14.7    -11.3
Materials Inventories                   20.9    64.5    14.6    -6.4
Finished Goods Inventories              26.6    54.9    18.5    -8.1
Number of Employees                     17.8    60.3    21.9    4.2
Average Employee Workweek               20.7    64.1    15.2    -5.5
Prices Received for Finished Goods      10.5    49.0    40.5    30.0
Prices Paid for Raw Materials           11.9    47.0    41.2    29.3
Capital Expenditures                    18.0    49.2    32.8    14.8
Volume of New Orders for Exports*       4.5     82.1    13.4    9.0
Supplier Delivery Time*                 5.2     89.6    5.2     0.0
INDUSTRY BUSINESS ACTIVITY              23.4    36.2    40.4    17.0

*Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
NOVEMBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              23.7    40.8    35.5    11.8
Volume of Shipments                     28.9    34.2    36.8    7.9
Volume of New Orders                    30.3    43.4    26.3    -3.9
Backlog of Orders                       26.0    57.5    16.4    -9.6
Materials Inventories                   21.1    56.6    22.4    1.3
Finished Goods Inventories              24.0    49.3    26.7    2.7
Number of Employees                     14.5    77.6    7.9     -6.6
Average Employee Workweek               14.5    69.7    15.8    1.3
Prices Received for Finished Goods      6.7     76.0    17.3    10.7
Prices Paid for Raw Materials           7.9     67.1    25.0    17.1
Volume of New Orders for Exports        4.8     88.9    6.3     1.6
Supplier Delivery Time                  13.5    85.1    1.4     12.2
INDUSTRY BUSINESS ACTIVITY              25.0    42.1    32.9    7.9



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
NOVEMBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              14.5    32.9    52.6    38.2
Volume of Shipments                     14.5    27.6    57.9    43.4
Volume of New Orders                    14.5    35.5    50.0    35.5
Backlog of Orders                       15.1    50.7    34.2    19.2
Materials Inventories                   25.3    58.7    16.0    -9.3
Finished Goods Inventories              33.8    50.0    16.2    -17.6
Number of Employees                     19.7    59.2    21.1    1.3
Average Employee Workweek               14.7    64.0    21.3    6.7
Prices Received for Finished Goods      12.0    42.7    45.3    33.3
Prices Paid for Raw Materials           13.2    38.2    48.7    35.5
Capital Expenditures                    16.4    57.5    26.0    9.6
Volume of New Orders for Exports        3.2     85.7    11.1    7.9
Supplier Delivery Time                  2.7     86.3    11.0    -8.2
INDUSTRY BUSINESS ACTIVITY              16.0    30.7    53.3    37.3



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
NOVEMBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              21.1    19.7    59.2    38.2
Volume of Shipments                     22.7    14.7    62.7    40.0
Volume of New Orders                    17.1    31.6    51.3    34.2
Backlog of Orders                       16.4    46.6    37.0    20.5
Materials Inventories                   19.7    48.7    31.6    11.8
Finished Goods Inventories              24.3    44.6    31.1    6.8
Number of Employees                     31.6    39.5    28.9    -2.6
Average Employee Workweek               11.8    60.5    27.6    15.8
Prices Received for Finished Goods      21.3    41.3    37.3    16.0
Prices Paid for Raw Materials           19.7    28.9    51.3    31.6
Capital Expenditures                    21.6    43.2    35.1    13.5
Volume of New Orders for Exports        11.3    80.6    8.1     -3.2
Supplier Delivery Time                  15.3    80.6    4.2     11.1
INDUSTRY BUSINESS ACTIVITY              20.0    18.7    61.3    41.3



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
OCTOBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              24.4    35.4    40.2    15.9
Volume of Shipments                     24.4    35.4    40.2    15.9
Volume of New Orders                    24.4    43.9    31.7    7.3
Backlog of Orders                       20.3    58.2    21.5    1.3
Materials Inventories                   20.7    67.1    12.2    -8.5
Finished Goods Inventories              22.5    52.5    25.0    2.5
Number of Employees                     15.9    67.1    17.1    1.2
Average Employee Workweek               21.0    61.7    17.3    -3.7
Prices Received for Finished Goods      12.2    70.7    17.1    4.9
Prices Paid for Raw Materials           7.3     67.1    25.6    18.3
Volume of New Orders for Exports        7.2     85.5    72.0    0.0
Supplier Delivery Time                  10.1    88.6    1.3     8.9
INDUSTRY BUSINESS ACTIVITY              22.2    45.7    32.1    9.9



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
OCTOBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              18.5    42.0    39.5    21.0
Volume of Shipments                     19.5    37.8    42.7    23.2
Volume of New Orders                    19.5    41.5    39.0    19.5
Backlog of Orders                       25.3    58.2    16.5    -8.9
Materials Inventories                   18.5    66.7    14.8    -3.7
Finished Goods Inventories              25.3    58.2    16.5    -8.9
Number of Employees                     17.1    62.2    20.7    3.7
Average Employee Workweek               19.8    65.4    14.8    -4.9
Prices Received for Finished Goods      12.2    45.1    42.7    30.5
Prices Paid for Raw Materials           12.2    43.9    43.9    31.7
Capital Expenditures                    18.5    48.1    33.3    14.8
Volume of New Orders for Exports        4.5     82.1    13.4    9.0
Supplier Delivery Time                  5.2     89.6    5.2     0.0
INDUSTRY BUSINESS ACTIVITY              23.1    42.3    34.6    11.5



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
OCTOBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              20.7    20.7    58.5    37.8
Volume of Shipments                     20.7    23.2    56.1    35.4
Volume of New Orders                    18.3    29.3    52.4    34.1
Backlog of Orders                       21.3    46.3    32.5    11.3
Materials Inventories                   23.2    50.0    26.8    3.7
Finished Goods Inventories              26.3    45.0    28.8    2.5
Number of Employees                     25.6    42.7    31.7    6.1
Average Employee Workweek               14.8    60.5    24.7    9.9
Prices Received for Finished Goods      22.0    39.0    39.0    17.1
Prices Paid for Raw Materials           22.0    28.0    50.0    28.0
Capital Expenditures                    14.8    53.1    32.1    17.3
Volume of New Orders for Exports        11.8    75.0    13.2    1.5
Supplier Delivery Time                  12.8    79.5    7.7     5.1
INDUSTRY BUSINESS ACTIVITY              24.4    19.2    56.4    32.1