Business Outlook Survey Table of Results, March

March 2011

                     March vs. February            Six Months from now
                                                   vs. March

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

General Business 35.9  54.6  32.3  11.2  43.4  46.8  66.2  27.7   3.2  63.0
Conditions

New Orders       23.7  54.5  30.7  14.2  40.3  42.1  64.2  27.0   4.2  60.1

Shipments        35.2  51.0  33.0  16.0  34.9  51.2  63.8  29.6   4.5  59.3

Unfilled Orders  14.9  25.6  63.0  10.7  14.9  22.2  26.8  61.7   8.3  18.5

Delivery Times   10.0  15.4  77.5   6.9   8.5   4.7  15.1  77.3   4.7  10.4

Inventories       2.1  24.4  63.1  12.4  12.0   9.4  30.0  48.6  16.0  14.0

Prices Paid      67.2  63.8  36.2   0.0  63.8  73.1  68.4  28.9   1.2  67.2

Prices Received  21.0  31.5  59.7   8.8  22.6  40.1  43.7  48.4   5.6  38.1

Number of Emp.   23.6  25.4  67.4   7.2  18.2  24.4  32.6  59.2   1.9  30.7

Avg. Emp. Wrkwk  12.8  24.8  63.6  11.6  13.2  13.9  25.3  63.0   8.3  17.0

Capital Ex.      --    --    --    --    --    16.2  37.0  57.7   2.4  34.5


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 March 14, 2011.