Summary of Returns
May 2009

                     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 -24.4  13.7  49.3  36.2 -22.6 |  36.2  53.8  33.7   6.3  47.5
Conditions                                    |
                                              |
New Orders      -24.3  14.1  43.5  40.0 -25.9 |  33.1  56.9  29.1  10.3  46.5
                                              |
Shipments       -35.7  22.7  35.6  41.7 -19.0 |  32.0  53.3  31.0   7.6  45.7
                                              |
Unfilled Orders -19.5  14.3  52.0  32.7 -18.4 |   9.3  25.3  55.8   8.6  16.7
                                              |
Delivery Times  -17.1   3.7  74.5  21.8 -18.1 |   6.8   5.8  76.5  11.5  -5.7
                                              |
Inventories     -40.2  14.8  41.8  43.4 -28.6 | -31.2  21.0  41.3  34.4 -13.4
                                              |
Prices Paid     -31.5   0.8  75.1  23.6 -22.8 |   5.9  30.0  58.7  10.9  19.1
                                              |
Prices Received -41.4   2.6  58.6  36.4 -33.8 |  -3.7  18.8  57.0  20.4  -1.6
                                              |
Number of Emp.  -44.9   7.7  57.8  34.5 -26.8 | -12.0  25.5  52.7  15.5  10.0
                                              |
Avg. Emp. Wrkwk -41.2  12.8  49.8  36.0 -23.2 |   7.9  28.1  53.6  14.5  13.6
                                              |
Capital Ex.      --    --    --    --    --   |  -4.0  24.3  45.9  24.5  -0.2
                                              |

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 19, 2009

May 2009 Release

Business Outlook Survey Homepage

Downloading Historical Data for the Business Outlook Survey