Business Outlook Survey Table of Results, January 2008

January 2008

                     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  -1.6  19.7  39.7  40.6 -20.9 | 11.1  31.7  41.1  26.5   5.2
Conditions                                    |
                                              |
New Orders       12.0  23.6  37.7  38.8 -15.2 | 11.6  36.0  35.7  26.5   9.5
                                              |
Shipments        15.0  26.1  41.3  28.4  -2.3 | 10.2  39.2  33.3  25.5  13.6
                                              |
Unfilled Orders  -4.4  16.5  60.1  22.7  -6.2 |-10.6  13.8  57.6  25.9 -12.1
                                              |
Delivery Times   -2.3  16.0  64.1  19.1  -3.1 |-12.8  14.0  63.7  22.2  -8.2
                                              |
Inventories      -6.5  15.0  57.2  26.8 -11.7 | -4.1  18.8  49.5  26.4  -7.7
                                              |
Prices Paid      36.5  50.0  49.8   0.2  49.8 | 43.1  65.4  27.1   4.8  60.6
                                              |
Prices Received  15.2  36.1  58.6   4.1  32.0 | 25.9  45.9  43.3   8.7  37.2
                                              |
Number of Emp.    3.8  20.6  55.6  22.1  -1.5 | 17.4  38.7  41.4  19.9  18.8
                                              |
Avg. Emp. Wrkwk   7.4  15.2  50.7  31.4 -16.1 |  2.8  21.9  50.5  23.1  -1.2
                                              |
Capital Ex.      --    --    --    --    --   | 22.3  37.3  35.3  18.3  19.0
                                              |

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 results reflect data received through January 15, 2008.