Southeastern Manufacturing Survey - November 1999 (October data)

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    36.8    39.8    16.4
Volume of Shipments                     18.5    39.0    42.4    23.9
Volume of New Orders                    19.1    48.4    32.5    13.4
Backlog of Orders                       17.7    58.8    23.5    5.8
Materials Inventories                   18.4    65.6    16.0    -2.4
Finished Goods Inventories              24.1    54.0    21.9    -2.2
Number of Employees                     13.6    68.6    17.8    4.2
Average Employee Workweek               18.1    64.4    17.5    -0.6
Prices Received for Finished Goods*     13.5    70.3    16.2    2.7
Prices Paid for Raw Materials*          6.8     70.3    23.0    16.2
Volume of New Orders for Exports*       6.5     83.9    9.7     3.2
Supplier Delivery Time*                 9.7     87.5    2.8     6.9
INDUSTRY BUSINESS ACTIVITY              21.5    43.4    35.2    13.7

*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                              18.5    39.2    42.3    23.9
Volume of Shipments                     20.5    31.5    47.9    27.4
Volume of New Orders                    20.2    38.3    41.5    21.3
Backlog of Orders                       25.1    58.1    16.8    -8.2
Materials Inventories                   20.8    66.2    13.0    -7.8
Finished Goods Inventories              27.5    55.7    16.8    -10.7
Number of Employees                     16.9    62.1    21.0    4.1
Average Employee Workweek               22.7    61.0    16.3    -6.3
Prices Received for Finished Goods      10.3    49.9    39.8    29.6
Prices Paid for Raw Materials           12.8    48.7    38.6    25.8
Capital Expenditures                    18.6    47.2    34.3    15.7
Volume of New Orders for Exports*       4.9     80.3    14.8    9.8
Supplier Delivery Time*                 4.3     88.6    7.1     -2.9
INDUSTRY BUSINESS ACTIVITY              21.0    37.6    41.4    20.4

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
SEPTEMBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              22.1    44.3    33.6    11.5
Volume of Shipments                     24.0    35.6    40.4    16.5
Volume of New Orders                    18.9    45.0    36.0    17.1
Backlog of Orders                       19.9    67.7    12.4    -7.5
Materials Inventories                   25.1    60.2    14.7    -10.4
Finished Goods Inventories              36.2    50.9    13.0    -23.2
Number of Employees                     10.9    73.5    15.6    4.8
Average Employee Workweek               13.2    69.7    17.1    3.8
Prices Received for Finished Goods*     4.0     84.0    12.0    8.0
Prices Paid for Raw Materials*          4.1     64.9    31.1    27.0
Volume of New Orders for Exports*       6.3     82.5    11.1    4.8
Supplier Delivery Time*                 2.8     94.4    2.8     0.0
INDUSTRY BUSINESS ACTIVITY              20.6    47.6    31.7    11.1

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
SEPTEMBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              19.4    35.9    44.7    25.3
Volume of Shipments                     19.3    32.2    48.5    29.2
Volume of New Orders                    19.6    35.3    45.1    25.6
Backlog of Orders                       23.8    49.5    26.7    2.9
Materials Inventories                   20.7    56.6    22.6    1.9
Finished Goods Inventories              22.4    51.0    26.6    4.1
Number of Employees                     20.5    56.6    22.9    2.4
Average Employee Workweek               21.7    60.8    17.5    -4.1
Prices Received for Finished Goods      9.3     54.8    35.9    26.6
Prices Paid for Raw Materials           12.9    42.8    44.3    31.4
Capital Expenditures                    15.8    50.7    33.5    17.6
Volume of New Orders for Exports*       4.8     77.8    17.5    12.7
Supplier Delivery Time*                 2.8     93.0    4.2     -1.4
INDUSTRY BUSINESS ACTIVITY              16.8    38.6    44.6    27.8

*Not Seasonally Adjusted

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                              24.3    39.2    36.5    12.2
Volume of Shipments                     23.0    37.8    39.2    16.2
Volume of New Orders                    23.0    45.9    31.1    8.1
Backlog of Orders                       21.1    57.7    21.1    0.0
Materials Inventories                   21.6    66.2    12.2    -9.5
Finished Goods Inventories              22.2    55.6    22.2    0.0
Number of Employees                     16.2    67.6    16.2    0.0
Average Employee Workweek               21.9    61.6    16.4    -5.5
Prices Received for Finished Goods      13.5    70.3    16.2    2.7
Prices Paid for Raw Materials           6.8     70.3    23.0    16.2
Volume of New Orders for Exports        6.5     83.9    9.7     3.2
Supplier Delivery Time                  9.7     87.5    2.8     6.9
INDUSTRY BUSINESS ACTIVITY              23.3    43.8    32.9    9.6



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                              16.4    43.8    39.7    23.3
Volume of Shipments                     18.9    37.8    43.2    24.3
Volume of New Orders                    18.9    41.9    39.2    20.3
Backlog of Orders                       23.9    57.7    18.3    -5.6
Materials Inventories                   19.2    68.5    12.3    -6.8
Finished Goods Inventories              26.8    59.2    14.1    -12.7
Number of Employees                     16.2    64.9    18.9    2.7
Average Employee Workweek               21.9    61.6    16.4    -5.5
Prices Received for Finished Goods      12.2    45.9    41.9    29.7
Prices Paid for Raw Materials           13.5    45.9    40.5    27.0
Capital Expenditures                    19.2    46.6    34.2    15.1
Volume of New Orders for Exports        4.9     80.3    14.8    9.8
Supplier Delivery Time                  4.3     88.6    7.1     -2.9
INDUSTRY BUSINESS ACTIVITY              21.4    42.9    35.7    14.3



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                              21.6    20.3    58.1    36.5
Volume of Shipments                     21.6    23.0    55.4    33.8
Volume of New Orders                    18.9    31.1    50.0    31.1
Backlog of Orders                       23.6    45.8    30.6    6.9
Materials Inventories                   21.6    52.7    25.7    4.1
Finished Goods Inventories              25.0    45.8    29.2    4.2
Number of Employees                     28.4    41.9    29.7    1.4
Average Employee Workweek               16.4    57.5    26.0    9.6
Prices Received for Finished Goods      21.6    40.5    37.8    16.2
Prices Paid for Raw Materials           18.9    31.1    50.0    31.1
Capital Expenditures                    16.4    49.3    34.2    17.8
Volume of New Orders for Exports        11.5    73.8    14.8    3.3
Supplier Delivery Time                  11.3    80.3    8.5     2.8
INDUSTRY BUSINESS ACTIVITY              25.7    18.6    55.7    30.0



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
SEPTEMBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              22.7    46.7    30.7    8.0
Volume of Shipments                     22.7    37.3    40.0    17.3
Volume of New Orders                    16.0    46.7    37.3    21.3
Backlog of Orders                       20.5    65.8    13.7    -6.8
Materials Inventories                   22.7    60.0    17.3    -5.3
Finished Goods Inventories              35.6    52.1    12.3    -23.3
Number of Employees                     13.3    72.0    14.7    1.3
Average Employee Workweek               13.3    69.3    17.3    4.0
Prices Received for Finished Goods      4.0     84.0    12.0    8.0
Prices Paid for Raw Materials           4.1     64.9    31.1    27.0
Volume of New Orders for Exports        6.3     82.5    11.1    4.8
Supplier Delivery Time                  2.8     94.4    2.8     0.0
INDUSTRY BUSINESS ACTIVITY              23.6    45.8    30.6    6.9



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
SEPTEMBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              17.6    41.9    40.5    23.0
Volume of Shipments                     17.6    37.8    44.6    27.0
Volume of New Orders                    16.2    40.5    43.2    27.0
Backlog of Orders                       19.4    55.6    25.0    5.6
Materials Inventories                   21.6    58.1    20.3    -1.4
Finished Goods Inventories              19.4    54.2    26.4    6.9
Number of Employees                     23.0    55.4    21.6    -1.4
Average Employee Workweek               20.3    64.9    14.9    -5.4
Prices Received for Finished Goods      10.8    51.4    37.8    27.0
Prices Paid for Raw Materials           12.3    42.5    45.2    32.9
Capital Expenditures                    13.9    50.0    36.1    22.2
Volume of New Orders for Exports        4.8     77.8    17.5    12.7
Supplier Delivery Time                  2.8     93.0    4.2     -1.4
INDUSTRY BUSINESS ACTIVITY              17.4    43.5    39.1    21.7



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
SEPTEMBER 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              29.3    21.3    49.3    20.0
Volume of Shipments                     30.7    17.3    52.0    21.3
Volume of New Orders                    26.7    22.7    50.7    24.0
Backlog of Orders                       29.2    43.1    27.8    -1.4
Materials Inventories                   25.3    45.3    29.3    4.0
Finished Goods Inventories              32.9    39.7    27.4    -5.5
Number of Employees                     29.3    38.7    32.0    2.7
Average Employee Workweek               13.3    60.0    26.7    13.3
Prices Received for Finished Goods      14.7    53.3    32.0    17.3
Prices Paid for Raw Materials           17.6    32.4    50.0    32.4
Capital Expenditures                    16.4    41.1    42.5    26.0
Volume of New Orders for Exports        9.8     78.7    11.5    1.6
Supplier Delivery Time                  5.6     90.3    4.2     1.4
INDUSTRY BUSINESS ACTIVITY              25.7    25.7    48.6    22.9