Southeastern Manufacturing Survey - July 1999 (June data)

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                              22.7     44.3     33.0     10.4
Volume of Shipments                     24.3     41.4     34.4     10.1
Volume of New Orders                    22.6     48.3     29.2      6.6
Backlog of Orders                       12.3     61.9     25.7     13.4
Materials Inventories                   18.5     64.6     16.9     -1.6
Finished Goods Inventories              21.4     56.5     22.2      0.8
Number of Employees                      8.1     80.1     11.8      3.6
Average Employee Workweek               10.6     72.6     16.8      6.2
Prices Received for Finished Goods*      6.3     82.5     11.1      4.8
Prices Paid for Raw Materials*          11.3     75.8     12.9      1.6
Volume of New Orders for Exports*        9.6     84.6      5.8     -3.9
Supplier Delivery Time*                  8.3     91.7      0.0      8.3
INDUSTRY BUSINESS ACTIVITY              17.0     57.5     25.5      8.5

*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                              15.2     32.2     52.6     37.5
Volume of Shipments                     15.2     31.0     53.8     38.6
Volume of New Orders                    16.0     37.3     46.7     30.7
Backlog of Orders                       15.7     60.1     24.3      8.6
Materials Inventories                   11.5     73.2     15.4      3.9
Finished Goods Inventories              21.4     57.8     20.8     -0.6
Number of Employees                     19.4     56.2     24.4      5.0
Average Employee Workweek                9.8     75.8     14.4      4.6
Prices Received for Finished Goods      11.6     62.0     26.3     14.7
Prices Paid for Raw Materials           12.7     60.8     26.5     13.7
Capital Expenditures                    14.0     47.5     38.6     24.6
Volume of New Orders for Exports*        0.0     83.0     17.0     17.0
Supplier Delivery Time*                  5.3     87.7      7.0     -1.8
INDUSTRY BUSINESS ACTIVITY              14.4     35.0     50.7     36.3

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
May 1999

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              20.8     40.3     38.8     18.0
Volume of Shipments                     26.8     37.5     35.7      8.9
Volume of New Orders                    20.6     34.6     44.7     24.1
Backlog of Orders                       18.1     53.1     28.9     10.8
Materials Inventories                   18.9     64.1     17.0     -1.9
Finished Goods Inventories              18.0     57.1     24.9      6.9
Number of Employees                     13.6     67.5     18.9      5.3
Average Employee Workweek               14.3     67.1     18.6      4.4
Prices Received for Finished Goods*     12.4     73.0     14.6      2.3
Prices Paid for Raw Materials*          14.6     68.5     16.9      2.3
Volume of New Orders for Exports*        6.3     81.0     12.7      6.4
Supplier Delivery Time*                  2.5     96.3      1.2      1.2
INDUSTRY BUSINESS ACTIVITY              21.3     47.9     30.8      9.6

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
May 1999

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              11.7     38.0     50.3     38.6
Volume of Shipments                     13.1     33.4     53.5     40.4
Volume of New Orders                    17.6     37.0     45.4     27.8
Backlog of Orders                       22.0     52.1     25.9      4.0
Materials Inventories                   18.9     66.2     15.0     -3.9
Finished Goods Inventories              19.2     58.2     22.6      3.4
Number of Employees                     19.4     55.6     25.0      5.6
Average Employee Workweek               17.2     62.8     20.0      2.7
Prices Received for Finished Goods      11.3     59.1     29.6     18.3
Prices Paid for Raw Materials           13.4     57.6     29.1     15.7
Capital Expenditures                    15.8     48.7     35.5     19.7
Volume of New Orders for Exports*        9.9     69.0     21.1     11.3
Supplier Delivery Time*                  2.5     94.9      2.5      0.0
INDUSTRY BUSINESS ACTIVITY              17.7     37.1     45.2     27.5

*Not Seasonally Adjusted

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                              23.8     44.4     31.7      7.9
Volume of Shipments                     23.8     41.3     34.9     11.1
Volume of New Orders                    22.2     49.2     28.6      6.4
Backlog of Orders                       10.2     62.7     27.1     17.0
Materials Inventories                   18.0     63.9     18.0      0.0
Finished Goods Inventories              26.2     55.7     18.0     -8.2
Number of Employees                      4.8     79.0     16.1     11.3
Average Employee Workweek                7.9     74.6     17.5      9.5
Prices Received for Finished Goods       6.3     82.5     11.1      4.8
Prices Paid for Raw Materials           11.3     75.8     12.9      1.6
Volume of New Orders for Exports         9.6     84.6      5.8     -3.9
Supplier Delivery Time                   8.3     91.7      0.0      8.3
INDUSTRY BUSINESS ACTIVITY              14.8     59.0     26.2     11.5



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                              20.6     31.7     47.6     27.0
Volume of Shipments                     23.8     30.2     46.0     22.2
Volume of New Orders                    23.8     36.5     39.7     15.9
Backlog of Orders                       18.6     61.0     20.3      1.7
Materials Inventories                   15.0     71.7     13.3     -1.7
Finished Goods Inventories              23.0     55.7     21.3     -1.6
Number of Employees                     22.6     56.5     21.0     -1.6
Average Employee Workweek               15.9     73.0     11.1     -4.8
Prices Received for Finished Goods       9.8     68.9     21.3     11.5
Prices Paid for Raw Materials           11.3     67.7     21.0      9.7
Capital Expenditures                    13.1     49.2     37.7     24.6
Volume of New Orders for Exports         0.0     83.0     17.0     17.0
Supplier Delivery Time                   5.3     87.7      7.0     -1.8
INDUSTRY BUSINESS ACTIVITY              22.0     32.2     45.8     23.7



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                              19.0     23.8     57.1     38.1
Volume of Shipments                     23.8     20.6     55.6     31.8
Volume of New Orders                    19.0     31.7     49.2     30.2
Backlog of Orders                       18.6     44.1     37.3     18.6
Materials Inventories                    8.2     60.7     31.1     23.0
Finished Goods Inventories              14.8     50.8     34.4     19.7
Number of Employees                     19.4     41.9     38.7     19.4
Average Employee Workweek               11.1     65.1     23.8     12.7
Prices Received for Finished Goods      27.0     47.6     25.4     -1.6
Prices Paid for Raw Materials           25.8     41.9     32.3      6.5
Capital Expenditures                    21.7     45.0     33.3     11.7
Volume of New Orders for Exports        11.3     77.4     11.3      0.0
Supplier Delivery Time                  12.1     84.5      3.4      8.6
INDUSTRY BUSINESS ACTIVITY              18.6     18.6     62.7     44.1



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
May 1999

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              15.7     43.8     40.4     24.7
Volume of Shipments                     23.6     39.3     37.1     13.5
Volume of New Orders                    20.2     34.8     44.9     24.7
Backlog of Orders                       16.9     56.6     26.5      9.6
Materials Inventories                   18.4     63.2     18.4      0.0
Finished Goods Inventories              16.5     60.0     23.5      7.1
Number of Employees                     14.6     65.2     20.2      5.6
Average Employee Workweek               12.4     68.5     19.1      6.7
Prices Received for Finished Goods      12.4     73.0     14.6      2.3
Prices Paid for Raw Materials           14.6     68.5     16.9      2.3
Volume of New Orders for Exports         6.3     81.0     12.7      6.4
Supplier Delivery Time                   2.5     96.3      1.2      1.2
INDUSTRY BUSINESS ACTIVITY              17.9     47.6     34.5     16.7



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
May 1999

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              15.7     39.3     44.9     29.2
Volume of Shipments                     18.0     34.8     47.2     29.2
Volume of New Orders                    23.6     38.2     38.2     14.6
Backlog of Orders                       25.0     52.4     22.6     -2.4
Materials Inventories                   22.1     65.1     12.8     -9.3
Finished Goods Inventories              20.0     57.6     22.4      2.4
Number of Employees                     20.2     57.3     22.5      2.3
Average Employee Workweek               20.2     62.9     16.9     -3.4
Prices Received for Finished Goods      10.1     64.0     25.8     15.7
Prices Paid for Raw Materials           11.2     62.9     25.8     14.6
Capital Expenditures                    16.9     50.6     32.5     15.7
Volume of New Orders for Exports         9.9     69.0     21.1     11.3
Supplier Delivery Time                   2.5     94.9      2.5      0.0
INDUSTRY BUSINESS ACTIVITY              23.1     35.9     41.0     18.0



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
May 1999

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              27.0     23.6     49.4     22.5
Volume of Shipments                     30.3     22.5     47.2     16.9
Volume of New Orders                    25.0     19.3     55.7     30.7
Backlog of Orders                       26.2     41.7     32.1      6.0
Materials Inventories                   23.0     49.4     27.6      4.6
Finished Goods Inventories              23.5     43.5     32.9      9.4
Number of Employees                     25.8     32.6     41.6     15.7
Average Employee Workweek               15.7     56.2     28.1     12.4
Prices Received for Finished Goods      24.7     43.8     31.5      6.7
Prices Paid for Raw Materials           27.0     40.4     32.6      5.6
Capital Expenditures                    22.8     35.4     41.8     19.0
Volume of New Orders for Exports        16.9     63.4     19.7      2.8
Supplier Delivery Time                   6.2     90.1      3.7      2.5
INDUSTRY BUSINESS ACTIVITY              23.4     19.5     57.1     33.8