Southeastern Manufacturing Survey - October 1995 (September data)

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                              24.9%    44.5%    30.6%     5.8
Volume of Shipments                     27.1%    39.1%    33.8%     6.7
Volume of New Orders                    27.6%    42.2%    30.2%     2.6
Backlog of Orders                       33.2%    44.6%    22.2%   -10.9
Materials Inventories                   14.1%    65.1%    20.8%     6.7
Finished Goods Inventories              17.9%    47.4%    34.7%    16.7
Number of Employees                     18.2%    64.1%    17.7%    -0.5
Average Employee Workweek               19.4%    65.2%    15.5%    -3.9
Prices Received for Finished Goods      11.8%    76.5%    11.8%     0.0
Prices Paid for Raw Materials           10.0%    65.4%    24.6%    14.5
Volume of New Orders for Exports        11.4%    73.3%    15.4%     4.0
Supplier Delivery Time                  12.7%    81.8%     5.5%     7.3
INDUSTRY BUSINESS ACTIVITY              28.0%    50.6%    21.4%    -6.5

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                              17.2%    28.3%    54.5%    37.4
Volume of Shipments                     19.8%    28.1%    52.1%    32.3
Volume of New Orders                    14.6%    33.7%    51.6%    37.0
Backlog of Orders                       19.2%    48.6%    32.2%    13.0
Materials Inventories                   21.0%    57.5%    21.5%     0.5
Finished Goods Inventories              26.2%    59.7%    14.1%   -12.1
Number of Employees                     19.2%    54.9%    25.9%     6.7
Average Employee Workweek               22.4%    65.3%    12.4%   -10.0
Prices Received for Finished Goods      12.7%    59.0%    28.3%    15.6
Prices Paid for Raw Materials           11.5%    47.6%    40.9%    29.5
Capital Expenditures                    10.3%    51.8%    37.9%    27.7
Volume of New Orders for Exports         4.4%    63.4%    32.2%    27.7
Supplier Delivery Time                   4.7%    86.0%     9.3%    -4.7
INDUSTRY BUSINESS ACTIVITY              17.2%    39.0%    43.8%    26.6

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
AUG95

                                    Percent   Percent   Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease  No Change Increase  Index
Production                              21.5%    48.9%    29.6%     8.1
Volume of Shipments                     21.1%    45.2%    33.7%    12.6
Volume of New Orders                    24.0%    46.1%    29.9%     5.9
Backlog of Orders                       26.8%    52.4%    20.8%    -6.0
Materials Inventories                   24.7%    55.4%    19.9%    -4.8
Finished Goods Inventories              20.8%    50.4%    28.8%     8.0
Number of Employees                     17.2%    71.6%    11.2%    -6.0
Average Employee Workweek               13.9%    72.4%    13.7%    -0.1
Prices Received for Finished Goods       7.9%    76.4%    15.7%     7.9
Prices Paid for Raw Materials            6.5%    66.9%    26.6%    20.1
Volume of New Orders for Exports         5.7%    71.2%    23.1%    17.4
Supplier Delivery Time                   9.1%    84.8%     6.1%     3.0
INDUSTRY BUSINESS ACTIVITY              26.4%    43.9%    29.7%     3.3

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
AUG95

                                    Percent   Percent   Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease  No Change Increase  Index
Production                              13.5%    32.1%    54.4%    40.8
Volume of Shipments                     13.4%    30.3%    56.3%    42.8
Volume of New Orders                    13.7%    38.3%    47.9%    34.2
Backlog of Orders                       14.4%    58.6%    27.0%    12.6
Materials Inventories                   31.6%    58.9%     9.5%   -22.1
Finished Goods Inventories              27.2%    56.8%    16.0%   -11.2
Number of Employees                     22.7%    58.0%    19.3%    -3.4
Average Employee Workweek               20.0%    61.5%    18.5%    -1.4
Prices Received for Finished Goods      12.4%    52.0%    35.6%    23.2
Prices Paid for Raw Materials           13.0%    45.0%    42.0%    28.9
Capital Expenditures                    10.7%    52.8%    36.5%    25.9
Volume of New Orders for Exports         7.0%    65.6%    27.4%    20.5
Supplier Delivery Time                   6.9%    79.2%    13.8%    -6.9
INDUSTRY BUSINESS ACTIVITY              18.7%    30.7%    50.6%    31.8

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                              26.9%    44.5%    28.6%     1.7
Volume of Shipments                     28.3%    40.0%    31.7%     3.3
Volume of New Orders                    29.4%    41.2%    29.4%     0.0
Backlog of Orders                       35.9%    41.9%    22.2%   -13.7
Materials Inventories                   18.8%    62.4%    18.8%     0.0
Finished Goods Inventories              22.8%    45.6%    31.6%     8.8
Number of Employees                     19.2%    61.7%    19.2%     0.0
Average Employee Workweek               19.2%    61.7%    19.2%     0.0
Prices Received for Finished Goods      11.8%    76.5%    11.8%     0.0
Prices Paid for Raw Materials            9.2%    67.5%    23.3%    14.2
Volume of New Orders for Exports         9.3%    73.3%    17.4%     8.1
Supplier Delivery Time                  12.7%    81.8%     5.5%     7.3
INDUSTRY BUSINESS ACTIVITY              26.9%    54.6%    18.5%    -8.4

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                              18.6%    30.5%    50.8%    32.2
Volume of Shipments                     20.3%    28.8%    50.8%    30.5
Volume of New Orders                    17.1%    35.0%    47.9%    30.8
Backlog of Orders                       21.9%    48.2%    29.8%     7.9
Materials Inventories                   22.4%    57.8%    19.8%    -2.6
Finished Goods Inventories              24.8%    60.2%    15.0%    -9.7
Number of Employees                     20.3%    55.9%    23.7%     3.4
Average Employee Workweek               20.3%    65.3%    14.4%    -5.9
Prices Received for Finished Goods      15.3%    53.4%    31.4%    16.1
Prices Paid for Raw Materials           12.0%    43.6%    44.4%    32.5
Capital Expenditures                    11.2%    52.3%    36.4%    25.2
Volume of New Orders for Exports         4.4%    65.9%    29.7%    25.3
Supplier Delivery Time                   4.7%    86.0%     9.3%    -4.7
INDUSTRY BUSINESS ACTIVITY              19.7%    41.9%    38.5%    18.8

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                              31.9%    16.0%    52.1%    20.2
Volume of Shipments                     28.6%    19.3%    52.1%    23.5
Volume of New Orders                    33.3%    21.4%    45.3%    12.0
Backlog of Orders                       29.6%    35.7%    34.8%     5.2
Materials Inventories                   22.2%    49.6%    28.2%     6.0
Finished Goods Inventories              18.4%    44.7%    36.8%    18.4
Number of Employees                     28.8%    36.4%    34.7%     5.9
Average Employee Workweek               23.7%    50.8%    25.4%     1.7
Prices Received for Finished Goods      16.8%    38.7%    44.5%    27.7
Prices Paid for Raw Materials            9.2%    21.0%    69.7%    60.5
Capital Expenditures                    15.6%    45.0%    39.5%    23.9
Volume of New Orders for Exports         5.3%    66.3%    28.4%    23.2
Supplier Delivery Time                  18.2%    67.3%    14.5%     3.6
INDUSTRY BUSINESS ACTIVITY              31.9%    25.0%    43.1%    11.2

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
AUG95

                                    Percent   Percent   Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease  No Change Increase  Index
Production                              21.4%    43.6%    35.0%    13.6
Volume of Shipments                     22.1%    43.6%    34.3%    12.1
Volume of New Orders                    25.4%    43.5%    31.2%     5.8
Backlog of Orders                       27.4%    50.4%    22.2%    -5.2
Materials Inventories                   25.2%    54.7%    20.1%    -5.0
Finished Goods Inventories              22.8%    51.5%    25.7%     2.9
Number of Employees                     19.3%    65.0%    15.7%    -3.6
Average Employee Workweek               14.4%    65.5%    20.1%     5.8
Prices Received for Finished Goods       7.9%    76.4%    15.7%     7.9
Prices Paid for Raw Materials            6.5%    63.0%    30.4%    23.9
Volume of New Orders for Exports         6.4%    73.4%    20.2%    13.8
Supplier Delivery Time                   9.1%    84.8%     6.1%     3.0
INDUSTRY BUSINESS ACTIVITY              26.6%    46.0%    27.3%     0.7

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
AUG95

                                    Percent   Percent   Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease  No Change Increase  Index
Production                              19.6%    33.3%    47.1%    27.5
Volume of Shipments                     19.4%    30.9%    49.6%    30.2
Volume of New Orders                    19.3%    38.5%    42.2%    23.0
Backlog of Orders                       20.5%    56.1%    23.5%     3.0
Materials Inventories                   31.4%    58.4%    10.2%   -21.2
Finished Goods Inventories              28.4%    56.0%    15.7%   -12.7
Number of Employees                     21.2%    59.9%    19.0%    -2.2
Average Employee Workweek               24.6%    60.9%    14.5%   -10.1
Prices Received for Finished Goods      15.8%    54.7%    29.5%    13.7
Prices Paid for Raw Materials           11.7%    43.8%    44.5%    32.9
Capital Expenditures                    11.7%    53.1%    35.2%    23.4
Volume of New Orders for Exports         7.0%    65.8%    27.2%    20.2
Supplier Delivery Time                   6.9%    79.2%    13.8%    -6.9
INDUSTRY BUSINESS ACTIVITY              24.1%    37.6%    38.3%    14.3

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
AUG95

                                    Percent   Percent   Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease  No Change Increase  Index
Production                              33.8%    18.0%    48.2%    14.4
Volume of Shipments                     33.8%    15.8%    50.4%    16.6
Volume of New Orders                    33.6%    21.2%    45.3%    11.7
Backlog of Orders                       32.8%    32.1%    35.1%     2.2
Materials Inventories                   22.5%    40.6%    37.0%    14.5
Finished Goods Inventories              23.0%    37.0%    40.0%    17.0
Number of Employees                     34.1%    34.8%    31.2%    -2.9
Average Employee Workweek               26.1%    44.9%    29.0%     2.9
Prices Received for Finished Goods      16.5%    26.6%    56.8%    40.3
Prices Paid for Raw Materials            5.1%    13.8%    81.2%    76.1
Capital Expenditures                    21.4%    38.9%    39.7%    18.3
Volume of New Orders for Exports        10.6%    59.3%    30.1%    19.5
Supplier Delivery Time                  18.5%    67.7%    13.8%     4.6
INDUSTRY BUSINESS ACTIVITY              40.1%    16.1%    43.8%     3.7