Business Outlook Survey Table of Results, October

Summary of Returns
October 2011

                     October vs. September         Six Months from now
                                                   vs. October

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

General Busines -17.5  30.3  47.6  21.6   8.7  21.4  39.1  44.8  11.8  27.2
Conditions

New Orders      -11.3  32.0  43.8  24.2   7.8  21.6  41.6  38.2  15.0  26.7

Shipments       -22.8  34.6  44.4  21.0  13.6  25.2  40.4  41.8  13.4  27.1

Unfilled Orders -10.4  22.1  56.8  18.6   3.4   4.7  26.2  48.5  18.5   7.7

Delivery Times   -7.0  14.4  70.3  15.0  -0.5  -4.8  14.6  64.7  16.0  -1.4

Inventories      10.2  17.7  55.1  25.4  -7.7 -14.1  21.6  42.0  26.0  -4.4

Prices Paid      23.2  30.6  58.1  10.6  20.0  36.3  51.4  35.4   6.7  44.7

Prices Received   0.9  12.2  69.3  14.7  -2.5  18.2  34.3  48.9   8.9  25.4

Number of Emp.    5.8  17.9  64.9  16.5   1.4  11.2  25.2  59.9  10.7  14.5

Avg. Emp. Wrkwk -13.7  15.0  68.7  11.9   3.1   7.4  23.2  62.9  13.5   9.7

Capital Ex.      --    --    --    --    --     5.5  26.7  46.6  14.4  12.3


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 October 18, 2011.