Southeastern Manufacturing Survey - September 1995 (August data)

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                              23.3     49.6     27.2      3.9
Volume of Shipments                     22.2     47.4     30.4      8.2
Volume of New Orders                    24.6     49.1     26.3      1.7
Backlog of Orders                       26.8     52.1     21.1     -5.6
Materials Inventories                   22.2     56.9     20.9     -1.3
Finished Goods Inventories              18.1     51.7     30.3     12.2
Number of Employees                     17.3     70.2     12.5     -4.8
Average Employee Workweek               14.3     73.3     12.4     -2.0
Prices Received for Finished Goods       7.8     76.0     16.3      8.5
Prices Paid for Raw Materials            6.3     66.0     27.7     21.4
Volume of New Orders for Exports         6.3     70.8     22.9     16.6
Supplier Delivery Time                   9.8     84.4      5.7      4.1
INDUSTRY BUSINESS ACTIVITY              26.4     45.5     28.1      1.8

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                              14.5     30.2     55.4     40.9
Volume of Shipments                     14.3     29.0     56.6     42.3
Volume of New Orders                    14.6     38.5     46.8     32.2
Backlog of Orders                       15.4     57.1     27.5     12.1
Materials Inventories                   30.4     58.4     11.2    -19.1
Finished Goods Inventories              27.3     56.1     16.6    -10.7
Number of Employees                     23.7     56.1     20.1     -3.6
Average Employee Workweek               20.5     60.5     19.0     -1.5
Prices Received for Finished Goods      12.9     52.8     34.2     21.3
Prices Paid for Raw Materials           13.3     46.4     40.3     27.0
Capital Expenditures                     9.2     52.7     38.1     28.9
Volume of New Orders for Exports         5.8     66.1     28.1     22.4
Supplier Delivery Time                   7.5     79.2     13.3     -5.8
INDUSTRY BUSINESS ACTIVITY              20.1     30.0     49.9     29.8
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FEDERAL RESERVE BANK OF ATLANTA
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS
Seasonally Adjusted Data
Versus Last Month for: Jul95

                                    Percent   Percent   Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease  No Change Increase  Index
Production                              23.7     39.2     37.1     13.4
Volume of Shipments                     31.3     31.8     36.9      5.5
Volume of New Orders                    25.4     35.7     38.9     13.4
Backlog of Orders                       34.3     44.7     20.9    -13.4
Materials Inventories                   14.6     62.2     23.1      8.5
Finished Goods Inventories              17.7     50.9     31.5     13.8
Number of Employees                     13.4     71.0     15.6      2.2
Average Employee Workweek               14.6     68.8     16.6      1.9
Prices Received for Finished Goods      10.0     73.6     16.4      6.4
Prices Paid for Raw Materials            6.5     67.1     26.4     19.9
Volume of New Orders for Exports         3.0     81.0     16.1     13.1
Supplier Delivery Time                   6.7     85.9      7.4     -0.7
INDUSTRY BUSINESS ACTIVITY              23.1     46.9     30.0      6.9

FEDERAL RESERVE BANK OF ATLANTA
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS
Seasonally Adjusted Data (Revised)
Six Months from Now for: Jul95

                                    Percent   Percent   Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease  No Change Increase  Index
Production                              12.3     28.5     59.2     46.9
Volume of Shipments                     12.3     26.3     61.4     49.1
Volume of New Orders                    11.6     37.3     51.1     39.5
Backlog of Orders                       17.8     48.0     34.2     16.4
Materials Inventories                   26.4     57.8     15.7    -10.7
Finished Goods Inventories              29.0     51.8     19.3     -9.7
Number of Employees                     20.2     54.0     25.7      5.5
Average Employee Workweek               15.5     66.9     17.6      2.1
Prices Received for Finished Goods      16.3     51.5     32.2     15.9
Prices Paid for Raw Materials            9.0     48.6     42.4     33.5
Capital Expenditures                    14.4     47.4     38.3     23.9
Volume of New Orders for Exports         2.6     66.4     31.0     28.5
Supplier Delivery Time                   3.1     85.8     11.0     -7.9
INDUSTRY BUSINESS ACTIVITY              18.2     35.7     46.1     27.9.
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                              23.3     44.2     32.6      9.3
Volume of Shipments                     23.3     45.7     31.0      7.8
Volume of New Orders                    26.0     46.5     27.6      1.6
Backlog of Orders                       27.4     50.0     22.6     -4.8
Materials Inventories                   22.7     56.3     21.1     -1.6
Finished Goods Inventories              20.0     52.8     27.2      7.2
Number of Employees                     19.4     63.6     17.1     -2.3
Average Employee Workweek               14.8     66.4     18.8      3.9
Prices Received for Finished Goods       7.8     76.0     16.3      8.5
Prices Paid for Raw Materials            6.3     62.2     31.5     25.2
Volume of New Orders for Exports         7.0     73.0     20.0     13.0
Supplier Delivery Time                   9.8     84.4      5.7      4.1
INDUSTRY BUSINESS ACTIVITY              26.6     47.7     25.8     -0.8

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                              20.5     31.5     48.0     27.6
Volume of Shipments                     20.3     29.7     50.0     29.7
Volume of New Orders                    20.2     38.7     41.1     21.0
Backlog of Orders                       21.5     54.5     24.0      2.5
Materials Inventories                   30.2     57.9     11.9    -18.3
Finished Goods Inventories              28.5     55.3     16.3    -12.2
Number of Employees                     22.2     57.9     19.8     -2.4
Average Employee Workweek               25.2     59.8     15.0    -10.2
Prices Received for Finished Goods      16.4     55.5     28.1     11.7
Prices Paid for Raw Materials           11.9     45.2     42.9     31.0
Capital Expenditures                    10.3     53.0     36.8     26.5
Volume of New Orders for Exports         5.8     66.3     27.9     22.1
Supplier Delivery Time                   7.5     79.2     13.3     -5.8
INDUSTRY BUSINESS ACTIVITY              25.4     36.9     37.7     12.3

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                              35.9     18.0     46.1     10.2
Volume of Shipments                     35.2     16.4     48.4     13.3
Volume of New Orders                    34.1     22.2     43.7      9.5
Backlog of Orders                       33.3     30.9     35.8      2.4
Materials Inventories                   22.8     40.9     36.2     13.4
Finished Goods Inventories              23.4     36.3     40.3     16.9
Number of Employees                     34.6     33.1     32.3     -2.4
Average Employee Workweek               26.0     45.7     28.3      2.4
Prices Received for Finished Goods      17.2     28.1     54.7     37.5
Prices Paid for Raw Materials            4.7     15.0     80.3     75.6
Capital Expenditures                    19.1     40.0     40.9     21.7
Volume of New Orders for Exports         9.6     60.6     29.8     20.2
Supplier Delivery Time                  19.2     67.5     13.3      5.8
INDUSTRY BUSINESS ACTIVITY              40.5     15.9     43.7      3.2

FEDERAL RESERVE BANK OF ATLANTA
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS
Not Seasonally Adjusted Data  (Revised)
Versus Last Month for: Jul95

                                    Percent   Percent   Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease  No Change Increase  Index
Production                              36.9     38.3     24.8    -12.1
Volume of Shipments                     43.3     29.8     27.0    -16.3
Volume of New Orders                    34.0     37.6     28.4     -5.7
Backlog of Orders                       38.5     43.7     17.8    -20.7
Materials Inventories                   20.9     57.6     21.6      0.7
Finished Goods Inventories              24.3     46.3     29.4      5.2
Number of Employees                     20.6     67.4     12.1     -8.5
Average Employee Workweek               20.1     67.6     12.2     -7.9
Prices Received for Finished Goods      10.0     73.6     16.4      6.4
Prices Paid for Raw Materials            7.9     64.7     27.3     19.4
Volume of New Orders for Exports         5.5     80.0     14.5      9.1
Supplier Delivery Time                   6.7     85.9      7.4     -0.7
INDUSTRY BUSINESS ACTIVITY              33.1     46.8     20.1    -12.9.
FEDERAL RESERVE BANK OF ATLANTA
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS
Not Seasonally Adjusted Data  (Revised)
Six Months from Now for: Jul95

                                    Percent   Percent   Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease  No Change Increase  Index
Production                              18.1     33.3     48.6     30.4
Volume of Shipments                     17.4     31.9     50.7     33.3
Volume of New Orders                    17.3     38.1     44.6     27.3
Backlog of Orders                       22.4     46.3     31.3      9.0
Materials Inventories                   29.9     56.0     14.2    -15.7
Finished Goods Inventories              30.3     53.8     15.9    -14.4
Number of Employees                     24.6     55.8     19.6     -5.1
Average Employee Workweek               18.4     66.9     14.7     -3.7
Prices Received for Finished Goods      16.8     60.6     22.6      5.8
Prices Paid for Raw Materials            7.4     52.6     40.0     32.6
Capital Expenditures                    14.4     52.3     33.3     18.9
Volume of New Orders for Exports         1.8     71.7     26.5     24.8
Supplier Delivery Time                   3.1     85.8     11.0     -7.9
INDUSTRY BUSINESS ACTIVITY              25.4     39.1     35.5     10.1

FEDERAL RESERVE BANK OF ATLANTA
SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS
Not Seasonally Adjusted Data (Revised)
Year Ago for: Jul95

                                    Percent   Percent   Percent   Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease  No Change Increase  Index
Production                              33.3     16.3     50.4     17.0
Volume of Shipments                     34.0     19.1     46.8     12.8
Volume of New Orders                    34.0     21.3     44.7     10.6
Backlog of Orders                       39.3     28.1     32.6     -6.7
Materials Inventories                   21.7     39.9     38.4     16.7
Finished Goods Inventories              26.5     35.6     37.9     11.4
Number of Employees                     33.3     36.2     30.5     -2.8
Average Employee Workweek               26.6     48.9     24.5     -2.2
Prices Received for Finished Goods      16.3     28.4     55.3     39.0
Prices Paid for Raw Materials            5.0     12.9     82.1     77.1
Capital Expenditures                    17.2     44.0     38.8     21.6
Volume of New Orders for Exports        12.2     60.0     27.8     15.7
Supplier Delivery Time                  21.2     67.4     11.4      9.9
INDUSTRY BUSINESS ACTIVITY              39.3     21.4     39.3      0.0