Southeastern Manufacturing Survey - January 2000 (December data)

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
DECEMBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              14.7    41.6    43.7    29.1
Volume of Shipments                     16.7    36.7    46.7    30.0
Volume of New Orders                    18.5    48.5    32.9    14.4
Backlog of Orders                       15.6    58.6    25.8    10.3
Materials Inventories                   13.6    62.8    23.6    10.0
Finished Goods Inventories              26.4    43.8    29.8    3.4
Number of Employees                     14.8    68.4    16.8    2.0
Average Employee Workweek               11.6    67.1    21.4    9.8
Prices Received for Finished Goods*     11.9    71.6    16.4    4.5
Prices Paid for Raw Materials*          7.4     66.2    26.5    19.1
Volume of New Orders for Exports*       6.9     81.0    12.1    5.2
Supplier Delivery Time*                 7.5     91.0    1.5     6.0
INDUSTRY BUSINESS ACTIVITY              20.4    42.5    37.1    16.6

*Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
DECEMBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              18.0    41.1    41.0    23.0
Volume of Shipments                     21.8    34.4    43.8    22.0
Volume of New Orders                    21.0    40.9    38.1    17.1
Backlog of Orders                       21.9    55.3    22.8    0.8
Materials Inventories                   23.1    63.7    13.3    -9.8

Finished Goods Inventories              29.5    49.3    21.2    -8.3
Number of Employees                     14.2    68.3    17.5    3.4
Average Employee Workweek               18.8    68.5    12.7    -6.1
Prices Received for Finished Goods      20.4    43.8    35.8    15.4
Prices Paid for Raw Materials           10.8    53.2    36.0    25.3
Capital Expenditures                    24.1    45.5    30.3    6.2
Volume of New Orders for Exports*       1.7     72.9    25.4    23.7
Supplier Delivery Time*                 3.0     89.6    7.5     -4.5
INDUSTRY BUSINESS ACTIVITY              25.1    33.2    41.7    16.6

* Not Seasonally Adjusted

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                              17.8    37.6    44.6    26.8
Volume of Shipments                     16.6    34.0    49.4    32.7
Volume of New Orders                    21.8    47.5    30.7    8.9
Backlog of Orders                       19.2    57.4    23.4    4.2
Materials Inventories                   17.0    59.1    24.0    7.0
Finished Goods Inventories              27.7    50.0    22.3    -5.5
Number of Employees                     12.5    72.8    14.7    2.1
Average Employee Workweek               12.2    66.9    21.0    8.8
Prices Received for Finished Goods*     7.9     75.3    16.9    9.0
Prices Paid for Raw Materials*          6.7     69.7    23.6    16.9
Volume of New Orders for Exports*       5.5     86.3    8.2     2.7
Supplier Delivery Time*                 12.5    86.4    1.1     11.4
INDUSTRY BUSINESS ACTIVITY              18.2    44.0    37.8    19.6

* 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                              20.5    36.8    42.8    22.3
Volume of Shipments                     20.9    33.8    45.3    24.4
Volume of New Orders                    20.4    42.1    37.4    17.0
Backlog of Orders                       19.9    54.0    26.1    6.2
Materials Inventories                   25.5    62.8    11.8    -13.7
Finished Goods Inventories              30.3    53.2    16.4    -13.9
Number of Employees                     22.9    59.7    17.4    -5.5
Average Employee Workweek               20.6    64.4    14.9    -5.7
Prices Received for Finished Goods      12.9    48.1    39.0    26.1
Prices Paid for Raw Materials           10.6    44.0    45.4    34.8
Capital Expenditures                    15.2    55.8    29.0    13.8
Volume of New Orders for Exports*       4.1     83.8    12.2    8.1
Supplier Delivery Time*                 3.5     84.9    11.6    -8.1
INDUSTRY BUSINESS ACTIVITY              23.5    34.4    42.2    18.7

*Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
DECEMBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              30.9    36.8    32.4    1.5
Volume of Shipments                     29.9    32.8    37.3    7.5
Volume of New Orders                    26.5    48.5    25.0    -1.5
Backlog of Orders                       22.7    57.6    19.7    -3.0
Materials Inventories                   19.1    58.8    22.1    2.9
Finished Goods Inventories              26.9    44.8    28.4    1.5
Number of Employees                     16.2    76.5    7.4     -8.8
Average Employee Workweek               20.6    64.7    14.7    -5.9
Prices Received for Finished Goods      11.9    71.6    16.4    4.5
Prices Paid for Raw Materials           7.4     66.2    26.5    19.1
Volume of New Orders for Exports        6.9     81.0    12.1    5.2
Supplier Delivery Time                  7.5     91.0    1.5     6.0
INDUSTRY BUSINESS ACTIVITY              32.4    38.2    29.4    -2.9



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
DECEMBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              11.8    36.8    51.5    39.7
Volume of Shipments                     14.9    29.9    55.2    40.3
Volume of New Orders                    14.7    36.8    48.5    33.8
Backlog of Orders                       16.7    53.0    30.3    13.6
Materials Inventories                   20.9    59.7    19.4    -1.5
Finished Goods Inventories              28.4    47.8    23.9    -4.5
Number of Employees                     9.0     70.1    20.9    11.9
Average Employee Workweek               13.2    67.6    19.1    5.9
Prices Received for Finished Goods      19.4    37.3    43.3    23.9
Prices Paid for Raw Materials           11.9    46.3    41.8    29.9
Capital Expenditures                    22.4    43.3    34.3    11.9
Volume of New Orders for Exports        1.7     72.9    25.4    23.7
Supplier Delivery Time                  3.0     89.6    7.5     -4.5
INDUSTRY BUSINESS ACTIVITY              20.3    28.1    51.6    31.3



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
DECEMBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              25.0    29.4    45.6    20.6
Volume of Shipments                     25.0    25.0    50.0    25.0
Volume of New Orders                    23.5    32.4    44.1    20.6
Backlog of Orders                       18.2    53.0    28.8    10.6
Materials Inventories                   23.5    42.6    33.8    10.3
Finished Goods Inventories              28.8    39.4    31.8    3.0
Number of Employees                     27.9    44.1    27.9    0.0
Average Employee Workweek               16.2    63.2    20.6    4.4
Prices Received for Finished Goods      22.4    34.3    43.3    20.9
Prices Paid for Raw Materials           16.2    35.3    48.5    32.4
Capital Expenditures                    34.3    46.3    19.4    -14.9
Volume of New Orders for Exports        6.8     72.9    20.3    13.6
Supplier Delivery Time                  10.4    85.1    4.5     6.0
INDUSTRY BUSINESS ACTIVITY              28.4    22.4    49.3    20.9



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                              23.3    38.9    37.8    14.4
Volume of Shipments                     26.7    33.3    40.0    13.3
Volume of New Orders                    28.9    45.6    25.6    -3.3
Backlog of Orders                       25.3    57.5    17.2    -8.0
Materials Inventories                   21.1    55.6    23.3    2.2
Finished Goods Inventories              25.0    48.9    26.1    1.1
Number of Employees                     13.3    76.7    10.0    -3.3
Average Employee Workweek               13.5    67.4    19.1    5.6
Prices Received for Finished Goods      7.9     75.3    16.9    9.0
Prices Paid for Raw Materials           6.7     69.7    23.6    16.9
Volume of New Orders for Exports        5.5     86.3    8.2     2.7
Supplier Delivery Time                  12.5    86.4    1.1     11.4
INDUSTRY BUSINESS ACTIVITY              24.7    44.9    30.3    5.6



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                              16.7    32.2    51.1    34.4
Volume of Shipments                     14.6    29.2    56.2    41.6
Volume of New Orders                    14.4    37.8    47.8    33.3
Backlog of Orders                       13.8    52.9    33.3    19.5
Materials Inventories                   25.8    58.4    15.7    -10.1
Finished Goods Inventories              31.0    51.7    17.2    -13.8
Number of Employees                     21.1    58.9    20.0    -1.1
Average Employee Workweek               18.2    63.6    18.2    0.0
Prices Received for Finished Goods      14.6    40.4    44.9    30.3
Prices Paid for Raw Materials           11.1    35.6    53.3    42.2
Capital Expenditures                    15.1    54.7    30.2    15.1
Volume of New Orders for Exports        4.1     83.8    12.2    8.1
Supplier Delivery Time                  3.5     84.9    11.6    -8.1
INDUSTRY BUSINESS ACTIVITY              18.2    33.0    48.9    30.7



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                              18.9    17.8    63.3    44.4
Volume of Shipments                     20.2    13.5    66.3    46.1
Volume of New Orders                    15.6    33.3    51.1    35.6
Backlog of Orders                       13.8    49.4    36.8    23.0
Materials Inventories                   21.1    48.9    30.0    8.9
Finished Goods Inventories              27.6    46.0    26.4    -1.1
Number of Employees                     30.0    38.9    31.1    1.1
Average Employee Workweek               11.2    59.6    29.2    18.0
Prices Received for Finished Goods      21.3    38.2    40.4    19.1
Prices Paid for Raw Materials           22.2    25.6    52.2    30.0
Capital Expenditures                    21.8    41.4    36.8    14.9
Volume of New Orders for Exports        11.0    78.1    11.0    0.0
Supplier Delivery Time                  15.1    80.2    4.7     10.5
INDUSTRY BUSINESS ACTIVITY              19.3    17.0    63.6    44.3