Southeastern Manufacturing Survey - October 1997 (September data)

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
september97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              22.2     42.0     35.8     13.6
Volume of Shipments                     19.6     41.1     39.4     19.8
Volume of New Orders                    13.4     48.4     38.3     24.9
Backlog of Orders                       18.0     56.6     25.4      7.4
Materials Inventories                   18.5     57.0     24.6      6.1
Finished Goods Inventories              21.6     51.5     26.9      5.3
Number of Employees                     14.9     65.7     19.4      4.5
Average Employee Workweek               13.8     74.1     12.1     -1.6
Prices Received for Finished Goods*     12.8     79.1      8.1     -4.7
Prices Paid for Raw Materials           11.2     69.8     19.0      7.8
Volume of New Orders for Exports*        4.3     76.8     18.8     14.5
Supplier Delivery Time*                  8.2     90.6      1.2      7.1
INDUSTRY BUSINESS ACTIVITY              22.4     46.3     31.4      9.0

*Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
september97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                               8.8     35.8     55.4     46.6
Volume of Shipments                     10.8     35.3     54.0     43.2
Volume of New Orders                    10.5     41.6     47.9     37.4
Backlog of Orders                       14.9     57.6     27.6     12.7
Materials Inventories                   23.5     55.6     20.9     -2.5
Finished Goods Inventories              25.1     51.3     23.6     -1.5
Number of Employees                     14.6     57.9     27.5     13.0
Average Employee Workweek               10.5     71.6     17.9      7.3
Prices Received for Finished Goods       9.1     59.8     31.1     22.1
Prices Paid for Raw Materials           11.2     57.3     31.6     20.4
Capital Expenditures                    15.9     48.1     36.0     20.1
Volume of New Orders for Exports*        2.9     66.7     30.4     27.5
Supplier Delivery Time*                  4.9     87.7      7.4     -2.5
INDUSTRY BUSINESS ACTIVITY              10.7     40.4     48.9     38.2

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
august97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              20.0     41.7     38.3     18.3
Volume of Shipments                     28.3     36.8     34.9      6.7
Volume of New Orders                    24.9     42.9     32.2      7.2
Backlog of Orders                       27.9     52.8     19.3     -8.6
Materials Inventories                   19.5     59.5     21.0      1.5
Finished Goods Inventories              25.5     50.5     24.0     -1.5
Number of Employees                     12.5     69.1     18.4      5.8
Average Employee Workweek               16.8     71.8     11.4     -5.4
Prices Received for Finished Goods*     10.7     76.9     12.4      1.7
Prices Paid for Raw Materials            6.3     74.4     19.3     13.1
Volume of New Orders for Exports*        8.3     76.0     15.6      7.3
Supplier Delivery Time*                  8.4     91.6      0.0      8.4
INDUSTRY BUSINESS ACTIVITY              17.0     50.2     32.8     15.8

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
august97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              16.2     35.2     48.6     32.4
Volume of Shipments                     21.7     30.0     48.4     26.7
Volume of New Orders                    18.7     30.8     50.5     31.8
Backlog of Orders                       17.8     55.2     27.0      9.2
Materials Inventories                   24.8     52.9     22.4     -2.4
Finished Goods Inventories              24.6     50.4     25.0      0.4
Number of Employees                     15.3     59.3     25.5     10.2
Average Employee Workweek               10.7     73.9     15.4      4.7
Prices Received for Finished Goods      10.9     58.4     30.7     19.9
Prices Paid for Raw Materials           12.4     54.7     32.8     20.4
Capital Expenditures                    16.3     49.4     34.3     18.0
Volume of New Orders for Exports*        6.1     66.7     27.3     21.2
Supplier Delivery Time*                  3.4     90.5      6.0     -2.6
INDUSTRY BUSINESS ACTIVITY              16.0     40.1     43.9     27.9

*Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
september97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              23.6     42.7     33.7     10.1
Volume of Shipments                     19.3     42.0     38.6     19.3
Volume of New Orders                    12.4     48.3     39.3     27.0
Backlog of Orders                       20.5     53.0     26.5      6.0
Materials Inventories                   16.1     59.8     24.1      8.1
Finished Goods Inventories              22.4     51.8     25.9      3.5
Number of Employees                     16.9     62.9     20.2      3.4
Average Employee Workweek               15.7     70.8     13.5     -2.3
Prices Received for Finished Goods      12.8     79.1      8.1     -4.7
Prices Paid for Raw Materials           12.4     70.8     16.9      4.5
Volume of New Orders for Exports         4.3     76.8     18.8     14.5
Supplier Delivery Time                   8.2     90.6      1.2      7.1
INDUSTRY BUSINESS ACTIVITY              22.5     49.4     28.1      5.6



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
september97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                               9.1     37.5     53.4     44.3
Volume of Shipments                     10.2     37.5     52.3     42.1
Volume of New Orders                     9.1     47.7     43.2     34.1
Backlog of Orders                       13.6     60.5     25.9     12.4
Materials Inventories                   22.1     57.0     20.9     -1.2
Finished Goods Inventories              21.4     54.8     23.8      2.4
Number of Employees                     14.8     56.8     28.4     13.6
Average Employee Workweek               11.4     71.6     17.0      5.7
Prices Received for Finished Goods       9.4     57.6     32.9     23.5
Prices Paid for Raw Materials           10.5     57.0     32.6     22.1
Capital Expenditures                    16.3     46.5     37.2     20.9
Volume of New Orders for Exports         2.9     66.7     30.4     27.5
Supplier Delivery Time                   4.9     87.7      7.4     -2.5
INDUSTRY BUSINESS ACTIVITY              11.4     43.2     45.5     34.1



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
september97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              20.2     29.2     50.6     30.3
Volume of Shipments                     25.0     21.6     53.4     28.4
Volume of New Orders                    16.9     31.5     51.7     34.8
Backlog of Orders                       20.5     44.6     34.9     14.5
Materials Inventories                   23.0     46.0     31.0      8.1
Finished Goods Inventories              25.9     41.2     32.9      7.1
Number of Employees                     25.8     36.0     38.2     12.4
Average Employee Workweek               19.1     59.6     21.3      2.3
Prices Received for Finished Goods      25.3     39.1     35.6     10.3
Prices Paid for Raw Materials           25.8     31.5     42.7     16.9
Capital Expenditures                    17.2     47.1     35.6     18.4
Volume of New Orders for Exports         8.6     67.1     24.3     15.7
Supplier Delivery Time                  13.4     79.3      7.3      6.1
INDUSTRY BUSINESS ACTIVITY              23.6     23.6     52.8     29.2



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
august97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              16.5     38.8     44.6     28.1
Volume of Shipments                     23.0     36.9     40.2     17.2
Volume of New Orders                    24.0     42.1     33.9      9.9
Backlog of Orders                       28.4     50.9     20.7     -7.8
Materials Inventories                   21.2     56.8     22.0      0.9
Finished Goods Inventories              28.9     51.8     19.3     -9.7
Number of Employees                     13.1     66.4     20.5      7.4
Average Employee Workweek               14.9     70.2     14.9      0.0
Prices Received for Finished Goods      10.7     76.9     12.4      1.7
Prices Paid for Raw Materials            5.0     73.6     21.5     16.5
Volume of New Orders for Exports         8.3     76.0     15.6      7.3
Supplier Delivery Time                   8.4     91.6      0.0      8.4
INDUSTRY BUSINESS ACTIVITY              14.3     51.3     34.5     20.2



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
august97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              20.7     36.4     43.0     22.3
Volume of Shipments                     24.8     31.4     43.8     19.0
Volume of New Orders                    21.8     31.1     47.1     25.2
Backlog of Orders                       21.6     55.2     23.3      1.7
Materials Inventories                   23.7     55.1     21.2     -2.5
Finished Goods Inventories              22.1     52.2     25.7      3.5
Number of Employees                     15.6     60.7     23.8      8.2
Average Employee Workweek               15.7     72.7     11.6     -4.1
Prices Received for Finished Goods      14.0     58.7     27.3     13.2
Prices Paid for Raw Materials           13.1     52.5     34.4     21.3
Capital Expenditures                    14.4     50.0     35.6     21.2
Volume of New Orders for Exports         6.1     66.7     27.3     21.2
Supplier Delivery Time                   3.4     90.5      6.0     -2.6
INDUSTRY BUSINESS ACTIVITY              20.7     43.1     36.2     15.5



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
august97

                                      Percent  Percent   Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS         Decrease No Change Increase Index
Production                              26.2     25.4     48.4     22.1
Volume of Shipments                     33.6     20.5     45.9     12.3
Volume of New Orders                    28.3     25.8     45.8     17.5
Backlog of Orders                       27.6     39.7     32.8      5.2
Materials Inventories                   26.1     45.4     28.6      2.5
Finished Goods Inventories              27.8     44.3     27.8      0.0
Number of Employees                     27.0     37.7     35.2      8.2
Average Employee Workweek               17.4     63.6     19.0      1.7
Prices Received for Finished Goods      24.8     35.5     39.7     14.9
Prices Paid for Raw Materials           16.4     29.5     54.1     37.7
Capital Expenditures                    20.3     41.5     38.1     17.8
Volume of New Orders for Exports        17.2     50.5     32.3     15.2
Supplier Delivery Time                  12.1     81.0      6.9      5.2
INDUSTRY BUSINESS ACTIVITY              23.1     27.4     49.6     26.5