May  April  Drop   Unch   Rise
Business Conditions       9.1  12.3   19.3   51.8   28.5
New Orders               10.2  12.8   22.6   44.3   32.8
Shipments                17.3  16.4   19.7   43.3   37.0
Unfilled Orders          -8.9   0.2   28.0   52.9   19.1
Delivery Time           -10.3  -5.6   15.7   78.0    5.3
Inventories             -18.3 -10.4   32.9   52.6   14.5
Prices Paid              19.7   7.5    1.6   77.1   21.3
Prices Received           7.3   2.1    5.8   80.1   13.1
Number of Employees       5.1  -3.5   12.1   70.7   17.2
Avg Employee Work Week    2.5  -3.3   14.4   67.3   16.9
Six months from now versus May.
                       May  Drop  Unch  Rise   April
Business Conditions      51.3  10.3  26.5  61.5   48.3
New Orders               60.8   5.7  24.5  66.5   52.9
Shipments                50.3  14.6  19.7  64.9   43.6
Unfilled Orders          14.0  14.3  52.6  28.3   11.7
Delivery Time             4.2  11.1  67.3  15.6   -1.8
Inventories               4.8  22.0  46.3  26.8   16.7
Prices Paid              33.7   3.6  58.2  37.3   35.7
Prices Received          22.8   6.3  61.9  29.1   29.4
Number of Employees      20.6  13.2  49.2  33.8   23.9
Avg Employee Work Week   17.2  11.2  55.6  28.4   21.7
Capital Expenditures     10.5  10.6  41.6  21.1   16.3
 FORECAST:
A Reuters survey of U.S. economists on average forecast the
business conditions index at 13.0 in May versus 12.3 in April