Business Outlook Survey Table of Results, January

January 2011

                     January vs. December          Six Months from now
                                                   vs. January

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

General Busines  20.8  33.1  51.6  13.9  19.3  55.4  56.0  31.3   6.2  49.8
Conditions

New Orders       10.6  36.0  50.3  12.4  23.6  49.9  52.5  33.1   9.2  43.3

Shipments         5.2  31.0  49.6  17.6  13.4  46.3  54.4  33.0  11.6  42.7

Unfilled Orders   4.0  21.9  62.3  13.2   8.7  14.4  24.4  59.0  12.6  11.8

Delivery Times    7.0  12.7  75.9  10.3   2.3   9.8  19.8  72.2   6.3  13.5

Inventories      -5.9  23.6  57.1  16.7   6.8   5.1  29.1  53.1  15.2  13.9

Prices Paid      47.9  54.3  45.6   0.0  54.3  61.3  66.4  31.5   0.0  66.4

Prices Received   9.4  25.9  65.3   8.8  17.1  27.5  42.5  44.9   4.3  38.2

Number of Emp.    4.3  24.7  67.1   7.1  17.6  32.1  38.2  50.8   7.2  31.0

Avg. Emp. Wrkwk  16.8  21.9  54.2  11.3  10.6  25.5  28.7  56.2   5.8  22.9

Capital Ex.      --    --    --    --    --    30.0  35.0  52.3   6.0  29.0


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 data reflect information received through January 18, 2011.