May 2011

                     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  18.5  25.0  52.2  21.1   3.9  33.6  35.8  41.7  19.2  16.6
Conditions

New Orders       18.8  28.4  48.7  23.0   5.4  29.2  36.6  41.4  19.9  16.8

Shipments        29.1  29.8  46.8  23.3   6.5  37.8  40.5  34.7  20.0  20.4

Unfilled Orders  12.9  14.1  64.1  21.8  -7.8  14.1  13.2  65.3  14.2  -1.0

Delivery Times   11.2  12.3  73.1  14.6  -2.3  -1.1  13.2  69.5  16.8  -3.7

Inventories       1.7  21.1  50.7  26.5  -5.4  10.0  20.8  62.3  15.7   5.2

Prices Paid      57.1  56.3  35.6   8.0  48.3  57.0  59.1  33.1   6.7  52.4

Prices Received  27.5  19.7  76.2   2.9  16.8  37.5  34.9  53.2   7.6  27.3

Number of Emp.   12.3  32.2  57.6  10.2  22.1  37.7  28.9  62.6   6.6  22.3

Avg. Emp. Wrkwk  17.7  16.9  69.5  12.9   3.9  18.4  20.1  65.7  10.3   9.8

Capital Ex.      --    --    --    --    --    20.0  33.2  50.8  10.1  23.1


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 May 17, 2011.
	   
May 2011 Release
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