Southeastern Manufacturing Survey - September 1999 (August data)

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                              28.9    44.6    26.4    -2.5
Volume of Shipments                     21.8    43.7    34.5    12.6
Volume of New Orders                    25.7    41.5    32.8    7.1
Backlog of Orders                       20.3    50.0    29.6    9.3
Materials Inventories                   15.1    65.2    19.7    4.6
Finished Goods Inventories              22.4    51.9    25.7    3.3
Number of Employees                     8.9     78.7    12.4    3.6
Average Employee Workweek               18.5    66.8    14.6    -3.9
Prices Received for Finished Goods*     11.8    72.1    16.2    4.4
Prices Paid for Raw Materials*          4.4     69.1    26.5    22.1
Volume of New Orders for Exports*       9.1     76.4    14.5    5.5
Supplier Delivery Time*                 11.8    86.8    1.5     10.3
INDUSTRY BUSINESS ACTIVITY              20.3    51.0    28.7    8.4

*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    36.6    43.8    24.3
Volume of Shipments                     20.4    33.6    46.0    25.6
Volume of New Orders                    24.6    38.0    37.4    12.8
Backlog of Orders                       22.0    52.6    25.4    3.3
Materials Inventories                   18.9    66.8    14.3    -4.6
Finished Goods Inventories              26.8    54.4    18.8    -8.0
Number of Employees                     12.9    66.5    20.7    7.8
Average Employee Workweek               22.9    62.1    15.1    -7.8
Prices Received for Finished Goods      7.1     56.6    36.3    29.3
Prices Paid for Raw Materials           10.4    50.4    39.2    28.8
Capital Expenditures                    14.3    55.4    30.3    16.0
Volume of New Orders for Exports*       3.4     79.3    17.2    13.8
Supplier Delivery Time*                 0.0     95.5    4.5     -4.5
INDUSTRY BUSINESS ACTIVITY              16.3    38.5    45.1    28.8

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Versus Last Month for:
July 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              10.2    55.3    34.5    24.3
Volume of Shipments                     16.9    49.1    33.9    17.0
Volume of New Orders                    22.4    41.1    36.5    14.2
Backlog of Orders                       22.9    51.1    26.0    3.0
Materials Inventories                   16.8    64.8    18.4    1.5
Finished Goods Inventories              16.6    58.2    25.3    8.7
Number of Employees                     8.1     72.5    19.4    11.4
Average Employee Workweek               12.2    71.1    16.7    4.5
Prices Received for Finished Goods*     6.5     79.2    14.3    7.8
Prices Paid for Raw Materials*          5.2     66.2    28.6    23.4
Volume of New Orders for Exports*       14.5    77.4    8.1     -6.5
Supplier Delivery Time*                 4.0     96.0    0.0     4.0
INDUSTRY BUSINESS ACTIVITY              13.0    57.7    29.3    16.2

* Not Seasonally Adjusted

FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Seasonally Adjusted Data

Six Months from Now for:
July 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              20.4    31.0    48.6    28.1
Volume of Shipments                     18.5    31.3    50.2    31.7
Volume of New Orders                    19.0    30.7    50.3    31.3
Backlog of Orders                       21.7    46.6    31.7    9.9
Materials Inventories                   26.1    60.0    13.9    -12.3
Finished Goods Inventories              27.0    54.4    18.7    -8.3
Number of Employees                     21.0    53.3    25.6    4.6
Average Employee Workweek               18.1    63.8    18.1    0.0
Prices Received for Finished Goods      8.6     56.5    34.9    26.3
Prices Paid for Raw Materials           8.4     52.2    39.4    31.0
Capital Expenditures                    16.8    46.7    36.5    19.7
Volume of New Orders for Exports*       4.8     74.6    20.6    15.9
Supplier Delivery Time*                 5.4     89.2    5.4     0.0
INDUSTRY BUSINESS ACTIVITY              17.4    36.7    45.9    28.5

*Not Seasonally Adjusted

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                              23.5    42.6    33.8    10.3
Volume of Shipments                     20.6    42.6    36.8    16.2
Volume of New Orders                    26.5    39.7    33.8    7.4
Backlog of Orders                       20.3    45.3    34.4    14.1
Materials Inventories                   13.2    64.7    22.1    8.8
Finished Goods Inventories              28.8    50.0    21.2    -7.6
Number of Employees                     9.0     77.6    13.4    4.5
Average Employee Workweek               17.6    66.2    16.2    -1.5
Prices Received for Finished Goods      11.8    72.1    16.2    4.4
Prices Paid for Raw Materials           4.4     69.1    26.5    22.1
Volume of New Orders for Exports        9.1     76.4    14.5    5.5
Supplier Delivery Time                  11.8    86.8    1.5     10.3
INDUSTRY BUSINESS ACTIVITY              19.1    51.5    29.4    10.3



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                              26.5    38.2    35.3    8.8
Volume of Shipments                     26.5    36.8    36.8    10.3
Volume of New Orders                    27.9    39.7    32.4    4.4
Backlog of Orders                       27.7    53.8    18.5    -9.2
Materials Inventories                   19.1    67.6    13.2    -5.9
Finished Goods Inventories              26.9    53.7    19.4    -7.5
Number of Employees                     13.2    69.1    17.6    4.4
Average Employee Workweek               25.4    65.7    9.0     -16.4
Prices Received for Finished Goods      8.8     57.4    33.8    25.0
Prices Paid for Raw Materials           13.2    50.0    36.8    23.5
Capital Expenditures                    13.2    55.9    30.9    17.6
Volume of New Orders for Exports        3.4     79.3    17.2    13.8
Supplier Delivery Time                  0.0     95.5    4.5     -4.5
INDUSTRY BUSINESS ACTIVITY              23.1    43.1    33.8    10.8



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                              22.1    22.1    55.9    33.8
Volume of Shipments                     20.6    16.2    63.2    42.6
Volume of New Orders                    22.1    20.6    57.4    35.3
Backlog of Orders                       26.2    33.8    40.0    13.8
Materials Inventories                   17.6    50.0    32.4    14.7
Finished Goods Inventories              22.4    47.8    29.9    7.5
Number of Employees                     25.0    44.1    30.9    5.9
Average Employee Workweek               13.2    60.3    26.5    13.2
Prices Received for Finished Goods      20.6    45.6    33.8    13.2
Prices Paid for Raw Materials           25.0    33.8    41.2    16.2
Capital Expenditures                    13.6    53.0    33.3    19.7
Volume of New Orders for Exports        7.0     73.7    19.3    12.3
Supplier Delivery Time                  11.9    83.6    4.5     7.5
INDUSTRY BUSINESS ACTIVITY              20.3    28.1    51.6    31.3



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Versus Last Month for:
July 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              19.5    53.2    27.3    7.8
Volume of Shipments                     22.1    49.4    28.6    6.5
Volume of New Orders                    27.3    41.6    31.2    3.9
Backlog of Orders                       24.3    50.0    25.7    1.4
Materials Inventories                   17.1    65.8    17.1    0.0
Finished Goods Inventories              20.3    55.4    24.3    4.1
Number of Employees                     9.1     70.1    20.8    11.7
Average Employee Workweek               10.4    75.3    14.3    3.9
Prices Received for Finished Goods      6.5     79.2    14.3    7.8
Prices Paid for Raw Materials           5.2     66.2    28.6    23.4
Volume of New Orders for Exports        14.5    77.4    8.1     -6.5
Supplier Delivery Time                  4.0     96.0    0.0     4.0
INDUSTRY BUSINESS ACTIVITY              15.8    59.2    25.0    9.2



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Six Months from Now for:
July 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              25.0    32.9    42.1    17.1
Volume of Shipments                     25.0    30.3    44.7    19.7
Volume of New Orders                    23.7    31.6    44.7    21.1
Backlog of Orders                       30.1    41.1    28.8    -1.4
Materials Inventories                   28.0    60.0    12.0    -16.0
Finished Goods Inventories              28.8    52.1    19.2    -9.6
Number of Employees                     22.4    55.3    22.4    0.0
Average Employee Workweek               23.7    64.5    11.8    -11.8
Prices Received for Finished Goods      10.5    57.9    31.6    21.1
Prices Paid for Raw Materials           7.9     53.9    38.2    30.3
Capital Expenditures                    19.7    47.9    32.4    12.7
Volume of New Orders for Exports        4.8     74.6    20.6    15.9
Supplier Delivery Time                  5.4     89.2    5.4     0.0
INDUSTRY BUSINESS ACTIVITY              23.6    36.1    40.3    16.7



FEDERAL RESERVE BANK OF ATLANTA

SOUTHEASTERN SURVEY OF MANUFACTURING CONDITIONS

Not Seasonally Adjusted Data

Year Ago for:
July 1999

                                     Percent  Percent  Percent  Diffusion
SOUTHEASTERN PLANT INDICATORS       Decrease No Change Increase Index
Production                              22.4    22.4    55.3    32.9
Volume of Shipments                     25.0    25.0    50.0    25.0
Volume of New Orders                    23.7    27.6    48.7    25.0
Backlog of Orders                       21.9    39.7    38.4    16.4
Materials Inventories                   17.3    53.3    29.3    12.0
Finished Goods Inventories              20.5    45.2    34.2    13.7
Number of Employees                     14.5    42.1    43.4    28.9
Average Employee Workweek               9.2     65.8    25.0    15.8
Prices Received for Finished Goods      15.8    38.2    46.1    30.3
Prices Paid for Raw Materials           21.6    35.1    43.2    21.6
Capital Expenditures                    22.9    41.4    35.7    12.9
Volume of New Orders for Exports        12.7    71.4    15.9    3.2
Supplier Delivery Time                  10.8    86.5    2.7     8.1
INDUSTRY BUSINESS ACTIVITY              21.9    20.5    57.5    35.6