Business Activity
Month	Higher	Same	Lower	Diffusion Index
Jul-97	36	43	21	58.6
Aug-97	38	49	13	62.6
Sep-97	34	53	13	59.1
Oct-97	35	54	11	62.6
Nov-97	35	49	16	61.9
Dec-97	23	57	20	56.5
Jan-98	31	52	17	61.4
Feb-98	34	49	17	58.9
Mar-98	31	57	12	57
Apr-98	38	50	12	58.6
May-98	40	48	12	61.2
Jun-98	37	49	14	58.7
Jul-98	33	49	18	58.6
Aug-98	24	56	20	52.2
Sep-98	32	54	14	57.4
Oct-98	27	53	20	54
Nov-98	26	54	20	54.9
Dec-98	22	55	23	54.2
Jan-99	29	50	21	58.8
Feb-99	27	60	13	57.3
Mar-99	35	55	10	59.5
Apr-99	38	52	10	59.8
May-99	30	60	10	57.7
Jun-99	36	50	14	57.9
Jul-99	31	57	12	60.7
Aug-99	31	57	12	60.3
Sep-99	33	56	11	59.1
Oct-99	32	56	12	60.7
Nov-99	24	63	13	57
Dec-99	28	55	17	60.4
Jan-00	30	45	25	57.7
Feb-00	28	60	12	58.2
Mar-00	39	50	11	60.5
Apr-00	37	56	7	61.1
May-00	35	53	12	59.8
Jun-00	37	54	9	60.3
Jul-00	26	59	15	56.5
Aug-00	32	56	12	61.3
Sep-00	37	50	13	59.8
Oct-00	32	52	16	58.6
Nov-00	31	55	14	59.7
Dec-00	29	48	23	57.5
Jan-01	23	49	28	52.5
Feb-01	26	51	23	51.5
Mar-01	26	54	20	50
Apr-01	22	58	20	48.3
May-01	26	46	28	47.9
Jun-01	30	50	20	51.6
Jul-01	21	53	26	48.1
Aug-01	18	56	26	47.4
Sep-01	26	51	23	49.7
Oct-01	17	46	37	40.5
Nov-01	23	52	25	49.4
Dec-01	21	52	27	50.7
Jan-02	21	48	31	49.8
Feb-02	31	53	16	57.5
Mar-02	32	57	11	57.1
Apr-02	31	56	13	56.3
May-02	34	55	11	60.5
Jun-02	35	50	15	56.1
Jul-02	25	54	21	52.1
Aug-02	24	52	24	51.9
Sep-02	32	49	19	54.9
Oct-02	26	53	21	53.1
Nov-02	30	53	17	56.8
Dec-02	27	49	24	55.5
Jan-03	24	51	25	56.2
Feb-03	28	53	19	55.6
Mar-03	23	53	24	46.3
Apr-03	28	53	19	50.7
May-03	31	51	18	54.6
Jun-03	41	45	14	59.2
Jul-03	38	50	12	62.7
Aug-03	38	49	13	65.1
Sep-03	38	53	9	63.8
Oct-03	38	50	12	64.4
Nov-03	34	54	12	61.1
Dec-03	36	40	24	60
Jan-04	40	40	20	67.9
Feb-04	35	52	13	62.2
Mar-04	42	48	10	61.8
Apr-04	46	46	8	63.9
May-04	40	51	9	63.3
Jun-04	39	50	11	59.8
Jul-04	38	52	10	63.6
Aug-04	32	50	18	59.3
Sep-04	35	49	16	59.8
Oct-04	34	51	15	60.8
Nov-04	34	57	9	62.6
Dec-04	36	50	14	65.2
Jan-05	29	53	18	62.6
Feb-05	31	58	11	61.1
Mar-05	37	56	7	60.9
Apr-05	36	55	9	58.4
May-05	30	61	9	58.3
Jun-05	38	54	8	61
Jul-05	35	53	12	61.1
Aug-05	37	51	12	64.8
Sep-05	27	54	19	55.2
Oct-05	31	54	15	59.4
Nov-05	31	56	13	58.8
Dec-05	31	52	17	60.6
Jan-06	27	51	22	59.1
Feb-06	31	57	12	60.5
Mar-06	37	53	10	59.6
Apr-06	42	49	9	61.1
May-06	35	53	12	59.2
Jun-06	36	49	15	56.9
Jul-06	30	52	18	55.7
Aug-06	27	56	17	56.9
Sep-06	25	56	19	54.6
Oct-06	31	50	19	57.4
Nov-06	32	53	15	58.3
Dec-06	26	55	19	56.7
Jan-07	30	45	25	59
Feb-07	27	53	20	54.3
Mar-07	30	52	18	52.4
Apr-07	37	48	15	56
May-07	39	46	15	59.7
Business Activity