Southeastern Manufacturing Survey - June 1998 (May data)

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
May 1998

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              19.2     36.8     44.1     25.0
Volume of Shipments                     24.6     32.7     42.7     18.2
Volume of New Orders                    20.7     42.3     37.1     16.4
Backlog of Orders                       23.7     50.7     25.7      2.0
Materials Inventories                   14.7     56.8     28.4     13.7
Finished Goods Inventories              15.9     48.3     35.8     19.8
Number of Employees                      9.5     67.1     23.3     13.8
Average Employee Workweek               13.0     62.7     24.3     11.3
Prices Received for Finished Goods*     11.0     74.3     14.7      3.7
Prices Paid for Raw Materials*          16.5     67.9     15.6     -0.9
Volume of New Orders for Exports*       10.5     73.3     16.3      5.8
Supplier Delivery Time*                  6.6     87.7      5.7      0.9
INDUSTRY BUSINESS ACTIVITY              15.5     50.3     34.2     18.6

*Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
May 1998

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              14.0     38.2     47.8     33.8
Volume of Shipments                     14.3     36.2     49.5     35.2
Volume of New Orders                    11.6     43.2     45.2     33.6
Backlog of Orders                       12.7     60.0     27.3     14.7
Materials Inventories                   23.8     57.3     18.8     -5.0
Finished Goods Inventories              22.5     57.6     20.0     -2.5
Number of Employees                     16.1     57.3     26.7     10.7
Average Employee Workweek               15.4     65.3     19.4      4.0
Prices Received for Finished Goods      12.2     60.3     27.6     15.4
Prices Paid for Raw Materials           11.6     60.0     28.4     16.8
Capital Expenditures                    11.2     52.3     36.4     25.2
Volume of New Orders for Exports*        8.9     70.0     21.1     12.2
Supplier Delivery Time*                  5.7     85.7      8.6     -2.9
INDUSTRY BUSINESS ACTIVITY              15.1     39.7     45.3     30.2

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
April 1998

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              22.7     31.1     46.2     23.5
Volume of Shipments                     20.6     32.2     47.2     26.6
Volume of New Orders                    20.8     40.2     39.0     18.2
Backlog of Orders                       28.4     46.4     25.2     -3.2
Materials Inventories                   15.0     62.5     22.6      7.6
Finished Goods Inventories              27.5     45.5     27.0     -0.5
Number of Employees                      9.6     68.5     22.0     12.4
Average Employee Workweek               13.7     62.2     24.1     10.5
Prices Received for Finished Goods*     13.0     75.0     12.0     -0.9
Prices Paid for Raw Materials*          18.7     63.6     17.8     -0.9
Volume of New Orders for Exports*       10.6     70.6     18.8      8.2
Supplier Delivery Time*                  7.8     89.3      2.9      4.9
INDUSTRY BUSINESS ACTIVITY              16.3     47.2     36.5     20.2

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
April 1998

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              13.8     35.0     51.2     37.4
Volume of Shipments                     15.4     33.6     51.0     35.6
Volume of New Orders                    16.8     37.9     45.3     28.6
Backlog of Orders                       17.4     54.0     28.6     11.2
Materials Inventories                   24.0     59.3     16.7     -7.4
Finished Goods Inventories              27.9     50.8     21.3     -6.6
Number of Employees                     16.5     54.8     28.7     12.3
Average Employee Workweek               18.8     63.6     17.6     -1.3
Prices Received for Finished Goods      14.0     62.2     23.9      9.9
Prices Paid for Raw Materials            9.8     63.6     26.6     16.9
Capital Expenditures                    12.3     49.0     38.7     26.4
Volume of New Orders for Exports*        6.6     69.2     24.2     17.6
Supplier Delivery Time*                  3.9     88.2      7.8     -3.9
INDUSTRY BUSINESS ACTIVITY              15.2     39.7     45.2     30.0

*Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
May 1998

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              16.2     40.5     43.2     27.0
Volume of Shipments                     22.0     36.7     41.3     19.3
Volume of New Orders                    22.0     42.2     35.8     13.8
Backlog of Orders                       22.9     55.2     21.9     -1.0
Materials Inventories                   14.8     55.6     29.6     14.8
Finished Goods Inventories              17.8     50.5     31.8     14.0
Number of Employees                      9.9     66.7     23.4     13.5
Average Employee Workweek               11.7     65.8     22.5     10.8
Prices Received for Finished Goods      11.0     74.3     14.7      3.7
Prices Paid for Raw Materials           16.5     67.9     15.6     -0.9
Volume of New Orders for Exports        10.5     73.3     16.3      5.8
Supplier Delivery Time                   6.6     87.7      5.7      0.9
INDUSTRY BUSINESS ACTIVITY              13.6     50.0     36.4     22.7



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
May 1998

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              18.9     38.7     42.3     23.4
Volume of Shipments                     21.1     36.7     42.2     21.1
Volume of New Orders                    18.5     43.5     38.0     19.4
Backlog of Orders                       17.0     59.4     23.6      6.6
Materials Inventories                   25.9     57.4     16.7     -9.3
Finished Goods Inventories              25.2     55.1     19.6     -5.6
Number of Employees                     18.0     59.5     22.5      4.5
Average Employee Workweek               18.2     66.4     15.5     -2.7
Prices Received for Finished Goods      11.8     65.5     22.7     10.9
Prices Paid for Raw Materials           10.2     63.9     25.9     15.7
Capital Expenditures                    12.5     54.8     32.7     20.2
Volume of New Orders for Exports         8.9     70.0     21.1     12.2
Supplier Delivery Time                   5.7     85.7      8.6     -2.9
INDUSTRY BUSINESS ACTIVITY              21.8     39.1     39.1     17.3



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
May 1998

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              20.7     22.5     56.8     36.0
Volume of Shipments                     27.5     20.2     52.3     24.8
Volume of New Orders                    29.1     23.6     47.3     18.2
Backlog of Orders                       24.0     44.2     31.7      7.7
Materials Inventories                   19.4     45.4     35.2     15.7
Finished Goods Inventories              21.7     46.2     32.1     10.4
Number of Employees                     27.0     36.0     36.9      9.9
Average Employee Workweek               15.3     64.0     20.7      5.4
Prices Received for Finished Goods      21.8     41.8     36.4     14.6
Prices Paid for Raw Materials           21.1     36.7     42.2     21.1
Capital Expenditures                    19.2     44.2     36.5     17.3
Volume of New Orders for Exports        15.7     66.3     18.0      2.3
Supplier Delivery Time                  12.4     76.2     11.4      1.0
INDUSTRY BUSINESS ACTIVITY              18.2     29.1     52.7     34.6



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
April 1998

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              21.1     31.2     47.7     26.6
Volume of Shipments                     17.6     32.4     50.0     32.4
Volume of New Orders                    22.0     38.5     39.4     17.4
Backlog of Orders                       26.9     45.2     27.9      1.0
Materials Inventories                   14.2     63.2     22.6      8.5
Finished Goods Inventories              25.2     44.7     30.1      4.9
Number of Employees                      8.4     71.0     20.6     12.2
Average Employee Workweek               11.9     65.1     22.9     11.0
Prices Received for Finished Goods      13.0     75.0     12.0     -0.9
Prices Paid for Raw Materials           18.7     63.6     17.8     -0.9
Volume of New Orders for Exports        10.6     70.6     18.8      8.2
Supplier Delivery Time                   7.8     89.3      2.9      4.9
INDUSTRY BUSINESS ACTIVITY              12.0     48.1     39.8     27.8



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
April 1998

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              14.7     38.5     46.8     32.1
Volume of Shipments                     16.7     36.1     47.2     30.6
Volume of New Orders                    18.3     40.4     41.3     22.9
Backlog of Orders                       19.2     55.8     25.0      5.8
Materials Inventories                   22.6     62.3     15.1     -7.6
Finished Goods Inventories              30.1     48.5     21.4     -8.7
Number of Employees                     15.7     55.6     28.7     13.0
Average Employee Workweek               16.5     67.0     16.5      0.0
Prices Received for Finished Goods      12.1     66.4     21.5      9.4
Prices Paid for Raw Materials           11.2     66.4     22.4     11.2
Capital Expenditures                    12.9     50.5     36.6     23.8
Volume of New Orders for Exports         6.6     69.2     24.2     17.6
Supplier Delivery Time                   3.9     88.2      7.8     -3.9
INDUSTRY BUSINESS ACTIVITY              15.9     43.0     41.1     25.2



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
April 1998

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              23.9     19.3     56.9     33.0
Volume of Shipments                     23.1     17.6     59.3     36.1
Volume of New Orders                    20.2     31.2     48.6     28.4
Backlog of Orders                       25.0     41.3     33.7      8.7
Materials Inventories                   20.8     55.7     23.6      2.8
Finished Goods Inventories              31.1     45.6     23.3     -7.8
Number of Employees                     30.6     37.0     32.4      1.9
Average Employee Workweek               14.8     62.0     23.1      8.3
Prices Received for Finished Goods      25.0     38.9     36.1     11.1
Prices Paid for Raw Materials           25.2     29.0     45.8     20.6
Capital Expenditures                    16.3     42.9     40.8     24.5
Volume of New Orders for Exports        18.9     58.9     22.2      3.3
Supplier Delivery Time                  17.5     72.8      9.7      7.8
INDUSTRY BUSINESS ACTIVITY              20.4     24.1     55.6     35.2