Southeastern Manufacturing Survey - October 1999 (September data)

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                              24.2    44.5    31.3    7.1
Volume of Shipments                     26.3    33.7    40.0    13.7
Volume of New Orders                    20.5    45.1    34.4    13.9
Backlog of Orders                       23.4    64.3    12.3    -11.1
Materials Inventories                   25.9    60.0    14.1    -11.8
Finished Goods Inventories              36.7    50.5    12.8    -23.8
Number of Employees                     11.5    74.1    14.4    2.8
Average Employee Workweek               14.1    68.9    17.1    3.0
Prices Received for Finished Goods*     2.9     85.3    11.8    8.8
Prices Paid for Raw Materials*          4.5     65.7    29.9    25.4
Volume of New Orders for Exports*       7.1     82.1    10.7    3.6
Supplier Delivery Time*                 3.1     93.8    3.1     0.0
INDUSTRY BUSINESS ACTIVITY              21.9    44.6    33.5    11.6

*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                              20.2    33.3    46.5    26.4
Volume of Shipments                     19.6    31.9    48.5    28.8
Volume of New Orders                    19.9    33.4    46.7    26.8
Backlog of Orders                       24.0    49.0    27.0    3.0
Materials Inventories                   21.0    57.7    21.3    0.3
Finished Goods Inventories              23.8    48.7    27.4    3.6
Number of Employees                     23.0    52.0    25.0    2.0
Average Employee Workweek               22.8    58.6    18.6    -4.2
Prices Received for Finished Goods      8.7     54.8    36.5    27.8
Prices Paid for Raw Materials           14.4    42.3    43.2    28.8
Capital Expenditures                    16.0    49.4    34.5    18.5
Volume of New Orders for Exports*       5.4     75.0    19.6    14.3
Supplier Delivery Time*                 3.1     92.2    4.7     -1.6
INDUSTRY BUSINESS ACTIVITY              16.6    35.8    47.6    31.1

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
AUGUST 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              29.1    44.1    26.7    -2.4
Volume of Shipments                     21.7    45.5    32.8    11.2
Volume of New Orders                    24.4    43.1    32.5    8.1
Backlog of Orders                       20.1    51.6    28.3    8.2
Materials Inventories                   15.9    66.2    17.8    1.9
Finished Goods Inventories              21.8    53.7    24.5    2.7
Number of Employees                     8.4     78.8    12.8    4.3
Average Employee Workweek               16.4    69.9    13.7    -2.7
Prices Received for Finished Goods*     10.7    73.3    16.0    5.3
Prices Paid for Raw Materials*          4.0     68.0    28.0    24.0
Volume of New Orders for Exports*       8.2     78.7    13.1    4.9
Supplier Delivery Time*                 10.7    88.0    1.3     9.3
INDUSTRY BUSINESS ACTIVITY              19.2    54.1    26.8    7.6

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
AUGUST 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              19.6    37.0    43.4    23.8
Volume of Shipments                     21.4    33.2    45.4    24.0
Volume of New Orders                    26.1    37.3    36.6    10.6
Backlog of Orders                       21.2    53.7    25.1    3.8
Materials Inventories                   20.0    65.5    14.5    -5.5
Finished Goods Inventories              25.9    54.0    20.1    -5.8
Number of Employees                     12.6    66.8    20.6    8.0
Average Employee Workweek               22.3    63.1    14.6    -7.7
Prices Received for Finished Goods      7.2     55.9    36.8    29.6
Prices Paid for Raw Materials           9.5     50.6    39.9    30.4
Capital Expenditures                    15.6    56.3    28.1    12.6
Volume of New Orders for Exports*       3.1     81.3    15.6    12.5
Supplier Delivery Time*                 0.0     95.9    4.1     -4.1
INDUSTRY BUSINESS ACTIVITY              17.0    38.6    44.4    27.4

*Not Seasonally Adjusted

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                              25.0    45.6    29.4    4.4
Volume of Shipments                     25.0    35.3    39.7    14.7
Volume of New Orders                    17.6    47.1    35.3    17.6
Backlog of Orders                       24.2    62.1    13.6    -10.6
Materials Inventories                   23.5    60.3    16.2    -7.4
Finished Goods Inventories              36.4    51.5    12.1    -24.2
Number of Employees                     14.7    70.6    14.7    0.0
Average Employee Workweek               14.7    67.6    17.6    2.9
Prices Received for Finished Goods      2.9     85.3    11.8    8.8
Prices Paid for Raw Materials           4.5     65.7    29.9    25.4
Volume of New Orders for Exports        7.1     82.1    10.7    3.6
Supplier Delivery Time                  3.1     93.8    3.1     0.0
INDUSTRY BUSINESS ACTIVITY              24.6    43.1    32.3    7.7



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                              17.9    38.8    43.3    25.4
Volume of Shipments                     17.9    37.3    44.8    26.9
Volume of New Orders                    16.4    38.8    44.8    28.4
Backlog of Orders                       20.0    55.4    24.6    4.6
Materials Inventories                   22.4    58.2    19.4    -3.0
Finished Goods Inventories              21.5    50.8    27.7    6.2
Number of Employees                     25.4    50.7    23.9    -1.5
Average Employee Workweek               22.4    61.2    16.4    -6.0
Prices Received for Finished Goods      10.4    50.7    38.8    28.4
Prices Paid for Raw Materials           13.6    42.4    43.9    30.3
Capital Expenditures                    15.4    47.7    36.9    21.5
Volume of New Orders for Exports        5.4     75.0    19.6    14.3
Supplier Delivery Time                  3.1     92.2    4.7     -1.6
INDUSTRY BUSINESS ACTIVITY              17.7    40.3    41.9    24.2



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                              26.8    21.4    51.8    25.0
Volume of Shipments                     26.8    16.1    57.1    30.4
Volume of New Orders                    28.6    17.9    53.6    25.0
Backlog of Orders                       31.5    38.9    29.6    -1.9
Materials Inventories                   23.2    44.6    32.1    8.9
Finished Goods Inventories              27.3    41.8    30.9    3.6
Number of Employees                     25.0    39.3    35.7    10.7
Average Employee Workweek               12.5    60.7    26.8    14.3
Prices Received for Finished Goods      14.3    55.4    30.4    16.1
Prices Paid for Raw Materials           18.2    36.4    45.5    27.3
Capital Expenditures                    16.4    41.8    41.8    25.5
Volume of New Orders for Exports        10.6    78.7    10.6    0.0
Supplier Delivery Time                  5.6     88.9    5.6     0.0
INDUSTRY BUSINESS ACTIVITY              26.9    21.2    51.9    25.0



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
AUGUST 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              24.0    42.7    33.3    9.3
Volume of Shipments                     20.0    45.3    34.7    14.7
Volume of New Orders                    25.3    41.3    33.3    8.0
Backlog of Orders                       19.7    47.9    32.4    12.7
Materials Inventories                   13.3    66.7    20.0    6.7
Finished Goods Inventories              26.4    52.8    20.8    -5.6
Number of Employees                     8.1     78.4    13.5    5.4
Average Employee Workweek               16.0    69.3    14.7    -1.3
Prices Received for Finished Goods      10.7    73.3    16.0    5.3
Prices Paid for Raw Materials           4.0     68.0    28.0    24.0
Volume of New Orders for Exports        8.2     78.7    13.1    4.9
Supplier Delivery Time                  10.7    88.0    1.3     9.3
INDUSTRY BUSINESS ACTIVITY              17.3    56.0    26.7    9.3



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
AUGUST 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              26.7    38.7    34.7    8.0
Volume of Shipments                     28.0    36.0    36.0    8.0
Volume of New Orders                    29.3    38.7    32.0    2.7
Backlog of Orders                       26.4    55.6    18.1    -8.3
Materials Inventories                   20.0    68.0    12.0    -8.0
Finished Goods Inventories              24.7    54.8    20.5    -4.1
Number of Employees                     13.3    69.3    17.3    4.0
Average Employee Workweek               24.3    67.6    8.1     -16.2
Prices Received for Finished Goods      8.0     57.3    34.7    26.7
Prices Paid for Raw Materials           12.0    50.7    37.3    25.3
Capital Expenditures                    14.7    56.0    29.3    14.7
Volume of New Orders for Exports        3.1     81.3    15.6    12.5
Supplier Delivery Time                  0.0     95.9    4.1     -4.1
INDUSTRY BUSINESS ACTIVITY              24.3    42.9    32.9    8.6



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
AUGUST 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              30.9    19.1    50.0    19.1
Volume of Shipments                     30.9    14.7    54.4    23.5
Volume of New Orders                    26.5    20.6    52.9    26.5
Backlog of Orders                       29.2    41.5    29.2    0.0
Materials Inventories                   25.0    44.1    30.9    5.9
Finished Goods Inventories              31.8    37.9    30.3    -1.5
Number of Employees                     27.9    36.8    35.3    7.4
Average Employee Workweek               14.7    57.4    27.9    13.2
Prices Received for Finished Goods      14.7    50.0    35.3    20.6
Prices Paid for Raw Materials           19.4    32.8    47.8    28.4
Capital Expenditures                    15.2    37.9    47.0    31.8
Volume of New Orders for Exports        10.9    76.4    12.7    1.8
Supplier Delivery Time                  6.2     89.2    4.6     1.5
INDUSTRY BUSINESS ACTIVITY              23.8    22.2    54.0    30.2