May 2008

                     May vs. April                 Six Months from now
                                                           vs. May

               Prev.                         Prev.
               Diff.  Inc. No ch. Dec. Diff. Diff.  Inc. No ch. Dec. Diff.
               Index                   Index Index                   Index

General Busines -24.9  18.4  45.4  34.0 -15.6  13.7  44.5  31.6  16.4  28.2
Conditions

New Orders      -18.8  24.8  44.7  28.6  -3.7  16.6  52.3  28.9  12.8  39.6

Shipments        -8.0  29.5  41.0  27.3   2.2  16.0  44.7  41.1   9.1  35.6

Unfilled Orders -16.8   8.8  63.2  28.0 -19.1 -11.9  20.6  65.1   8.3  12.3

Delivery Times    4.2   9.8  67.5  22.6 -12.8 -10.4   8.8  77.2  11.3  -2.5

Inventories     -26.2  14.7  57.6  27.7 -13.1 -13.1  16.7  52.4  27.3 -10.6

Prices Paid      51.6  60.8  32.2   7.0  53.8  55.3  67.3  20.7  11.4  56.0

Prices Received  30.9  42.9  44.6  11.3  31.6  33.4  42.1  38.5  15.3  26.8

Number of Emp.  -11.1  13.0  72.9  14.0  -1.0   0.2  24.2  60.9   8.7  15.5

Avg. Emp. Wrkwk -12.3  10.8  71.8  16.4  -5.6  -9.2  20.1  64.5  10.8   9.2

Capital Ex.      --    --    --    --    --    13.8  35.3  41.1  15.3  19.9


Notes: (1) Items may not add to 100 percent because of omission by respondents.
       (2) All data are seasonally adjusted.
       (3) Diffusion indexes represent the percentage of respondents indicating
           an increase minus the percentage indicating a decrease.
       (4) Survey results reflect data received through May 13, 2008.

May 2008 Release

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