Southeastern Manufacturing Survey - November 1995 (October data)

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                                          29.2%     34.4%      36.4%       7.2
Volume of Shipments                                 32.9%     32.0%      35.1%       2.2
Volume of New Orders                                29.1%     46.3%      24.6%      -4.4
Backlog of Orders                                   35.6%     44.0%      20.4%     -15.2
Materials Inventories                               22.4%     59.8%      17.8%      -4.7
Finished Goods Inventories                          24.5%     47.2%      28.3%       3.8
Number of Employees                                 26.1%     61.6%      12.3%     -13.8
Average Employee Workweek                           20.7%     57.8%      21.5%       0.8
Prices Received for Finished Goods                  12.5%     73.3%      14.2%       1.7
Prices Paid for Raw Materials                        7.7%     70.2%      22.2%      14.5
Volume of New Orders for Exports                    11.0%     73.2%      15.7%       4.7
Supplier Delivery Time                               7.8%     86.2%       6.0%       1.7
INDUSTRY BUSINESS ACTIVITY                          23.0%     60.1%      16.9%      -6.1

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                                          15.4%     40.5%      44.1%       28.7
Volume of Shipments                                 17.2%     38.3%      44.5%       27.3
Volume of New Orders                                19.5%     37.5%      43.0%       23.5
Backlog of Orders                                   22.8%     51.9%      25.3%        2.5
Materials Inventories                               23.3%     65.7%      11.1%      -12.2
Finished Goods Inventories                          27.9%     61.5%      10.7%      -17.2
Number of Employees                                 25.0%     56.5%      18.5%       -6.5
Average Employee Workweek                           15.2%     68.3%      16.5%        1.4
Prices Received for Finished Goods                  14.1%     62.7%      23.2%        9.2
Prices Paid for Raw Materials                       12.2%     42.9%      44.9%       32.6
Capital Expenditures                                14.5%     53.8%      31.7%       17.2
Volume of New Orders for Exports                     3.5%     64.6%      31.9%       28.4
Supplier Delivery Time                               4.4%     81.4%      14.2%       -9.7
INDUSTRY BUSINESS ACTIVITY                          12.6%     51.9%      35.5%       22.9

FEDERAL RESERVE BANK OF ATLANTA
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS
Seasonally Adjusted Data
Versus Last Month for:
SEP95

                                                  Percent    Percent    Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS                    Decrease   No Change   Increase    Index
Production                                          27.2%     43.5%      29.2%       2.0
Volume of Shipments                                 28.8%     37.0%      34.2%       5.5
Volume of New Orders                                28.9%     41.0%      30.1%       1.1
Backlog of Orders                                   35.2%     43.6%      21.2%     -14.0
Materials Inventories                               16.3%     65.0%      18.7%       2.4
Finished Goods Inventories                          21.8%     47.7%      30.5%       8.7
Number of Employees                                 21.0%     62.0%      16.9%      -4.1
Average Employee Workweek                           22.8%     64.5%      12.7%     -10.1
Prices Received for Finished Goods                  12.1%     77.1%      10.7%      -1.4
Prices Paid for Raw Materials                       10.8%     66.0%      23.2%      12.4
Volume of New Orders for Exports                    13.6%     73.1%      13.3%      -0.3
Supplier Delivery Time                              12.2%     82.4%       5.3%       6.9
INDUSTRY BUSINESS ACTIVITY                          28.4%     48.5%      23.1%      -5.3

FEDERAL RESERVE BANK OF ATLANTA
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS
Seasonally Adjusted Data
Six Months from Now for:
SEP95

                                                  Percent    Percent    Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS                    Decrease   No Change   Increase    Index
Production                                          15.9%     27.5%      56.6%       40.7
Volume of Shipments                                 17.4%     27.4%      55.3%       37.9
Volume of New Orders                                13.5%     32.8%      53.8%       40.3
Backlog of Orders                                   19.7%     48.1%      32.2%       12.5
Materials Inventories                               22.6%     57.4%      19.9%       -2.7
Finished Goods Inventories                          28.3%     54.7%      17.0%      -11.3
Number of Employees                                 18.3%     56.5%      25.2%        6.9
Average Employee Workweek                           22.2%     62.6%      15.2%       -6.9
Prices Received for Finished Goods                  12.5%     58.9%      28.6%       16.0
Prices Paid for Raw Materials                       10.4%     48.2%      41.4%       31.0
Capital Expenditures                                10.9%     53.0%      36.1%       25.3
Volume of New Orders for Exports                     5.5%     63.5%      30.9%       25.4
Supplier Delivery Time                               5.5%     83.6%      10.9%       -5.5
INDUSTRY BUSINESS ACTIVITY                          14.9%     37.0%      48.1%       33.2

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                                          30.6%     37.2%      32.2%       1.7
Volume of Shipments                                 31.4%     35.5%      33.1%       1.7
Volume of New Orders                                33.1%     46.3%      20.7%     -12.4
Backlog of Orders                                   36.4%     47.5%      16.1%     -20.3
Materials Inventories                               24.8%     59.5%      15.7%      -9.1
Finished Goods Inventories                          25.6%     48.7%      25.6%       0.0
Number of Employees                                 27.3%     60.3%      12.4%     -14.9
Average Employee Workweek                           21.5%     62.0%      16.5%      -5.0
Prices Received for Finished Goods                  12.5%     73.3%      14.2%       1.7
Prices Paid for Raw Materials                        7.5%     69.2%      23.3%      15.8
Volume of New Orders for Exports                    11.2%     77.5%      11.2%       0.0
Supplier Delivery Time                               7.8%     86.2%       6.0%       1.7
INDUSTRY BUSINESS ACTIVITY                          25.4%     59.3%      15.3%     -10.2

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                                          11.9%     39.8%      48.3%       36.4
Volume of Shipments                                 13.4%     37.8%      48.7%       35.3
Volume of New Orders                                15.1%     38.7%      46.2%       31.1
Backlog of Orders                                   21.1%     50.0%      28.9%        7.9
Materials Inventories                               23.9%     63.2%      12.8%      -11.1
Finished Goods Inventories                          26.1%     63.5%      10.4%      -15.7
Number of Employees                                 23.5%     56.3%      20.2%       -3.4
Average Employee Workweek                           14.3%     66.4%      19.3%        5.0
Prices Received for Finished Goods                  16.0%     54.6%      29.4%       13.5
Prices Paid for Raw Materials                       14.3%     41.2%      44.5%       30.3
Capital Expenditures                                16.8%     50.4%      32.7%       15.9
Volume of New Orders for Exports                     3.2%     63.8%      33.0%       29.8
Supplier Delivery Time                               4.4%     81.4%      14.2%       -9.7
INDUSTRY BUSINESS ACTIVITY                           9.6%     49.1%      41.2%       31.6

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                                          35.8%     17.5%      46.7%       10.8
Volume of Shipments                                 36.1%     11.8%      52.1%       16.0
Volume of New Orders                                34.7%     23.7%      41.5%        6.8
Backlog of Orders                                   35.7%     30.4%      33.9%       -1.7
Materials Inventories                               29.4%     42.0%      28.6%       -0.8
Finished Goods Inventories                          27.6%     32.8%      39.7%       12.1
Number of Employees                                 40.0%     26.7%      33.3%       -6.7
Average Employee Workweek                           24.2%     59.2%      16.7%       -7.5
Prices Received for Finished Goods                  16.8%     33.6%      49.6%       32.8
Prices Paid for Raw Materials                        9.2%     16.7%      74.2%       65.0
Capital Expenditures                                19.3%     37.7%      43.0%       23.7
Volume of New Orders for Exports                    13.4%     54.6%      32.0%       18.6
Supplier Delivery Time                              15.0%     67.3%      17.7%       -2.7
INDUSTRY BUSINESS ACTIVITY                          35.9%     23.1%      41.0%        5.1

FEDERAL RESERVE BANK OF ATLANTA
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS
Not Seasonally Adjusted Data
Versus Last Month for:
SEP95

                                                  Percent    Percent    Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS                    Decrease   No Change   Increase    Index
Production                                          29.3%     43.6%      27.1%      -2.1
Volume of Shipments                                 30.0%     37.9%      32.1%       2.1
Volume of New Orders                                30.7%     40.0%      29.3%      -1.4
Backlog of Orders                                   38.0%     40.9%      21.2%     -16.8
Materials Inventories                               21.0%     62.3%      16.7%      -4.4
Finished Goods Inventories                          26.7%     45.9%      27.4%       0.7
Number of Employees                                 22.0%     59.6%      18.4%      -3.6
Average Employee Workweek                           22.7%     61.0%      16.3%      -6.4
Prices Received for Finished Goods                  12.1%     77.1%      10.7%      -1.4
Prices Paid for Raw Materials                        9.9%     68.1%      22.0%      12.1
Volume of New Orders for Exports                    11.5%     73.1%      15.4%       3.9
Supplier Delivery Time                              12.2%     82.4%       5.3%       6.9
INDUSTRY BUSINESS ACTIVITY                          27.3%     52.5%      20.1%      -7.2

FEDERAL RESERVE BANK OF ATLANTA
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS
Not Seasonally Adjusted Data
Six Months from Now for:
SEP95

                                                  Percent    Percent    Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS                    Decrease   No Change   Increase    Index
Production                                          17.4%     29.7%      52.9%       35.5
Volume of Shipments                                 18.0%     28.1%      54.0%       36.0
Volume of New Orders                                15.9%     34.1%      50.0%       34.1
Backlog of Orders                                   22.4%     47.8%      29.9%        7.5
Materials Inventories                               24.1%     57.7%      18.2%       -5.8
Finished Goods Inventories                          26.9%     55.2%      17.9%       -9.0
Number of Employees                                 19.4%     57.6%      23.0%        3.6
Average Employee Workweek                           20.1%     62.6%      17.3%       -2.9
Prices Received for Finished Goods                  15.1%     53.2%      31.7%       16.6
Prices Paid for Raw Materials                       10.9%     44.2%      44.9%       34.1
Capital Expenditures                                11.8%     53.5%      34.6%       22.8
Volume of New Orders for Exports                     5.5%     66.1%      28.4%       22.9
Supplier Delivery Time                               5.5%     83.6%      10.9%       -5.5
INDUSTRY BUSINESS ACTIVITY                          17.4%     39.9%      42.8%       25.4

FEDERAL RESERVE BANK OF ATLANTA
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS
Not Seasonally Adjusted Data
Year Ago for:
SEP95

                                                  Percent    Percent    Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS                    Decrease   No Change   Increase    Index
Production                                          36.0%     15.8%      48.2%       12.2
Volume of Shipments                                 32.1%     19.3%      48.6%       16.4
Volume of New Orders                                36.2%     20.3%      43.5%        7.3
Backlog of Orders                                   31.1%     34.8%      34.1%        3.0
Materials Inventories                               23.9%     46.4%      29.7%        5.8
Finished Goods Inventories                          21.5%     43.0%      35.6%       14.1
Number of Employees                                 31.7%     36.0%      32.4%        0.7
Average Employee Workweek                           26.6%     51.8%      21.6%       -5.0
Prices Received for Finished Goods                  17.9%     36.4%      45.7%       27.9
Prices Paid for Raw Materials                       10.7%     17.9%      71.4%       60.7
Capital Expenditures                                19.4%     45.0%      35.7%       16.3
Volume of New Orders for Exports                    11.4%     60.5%      28.1%       16.7
Supplier Delivery Time                              18.3%     67.9%      13.7%        4.6
INDUSTRY BUSINESS ACTIVITY                          34.6%     26.5%      39.0%        4.4