1. Huntington Wealth Advisors Spring 2011 Economic Update

2. Lest we forget:
“The one who does not remember history is bound to live through it again.”*
*Jorge Agustín Nicolás Ruiz de Santayana y Borrás

3. The Economy Leading Indicator Index
Shaded areas represent recessionary periods.
*Indicates Last Observation. Sources: Bureau of Economic Analysis; Federal Reserve Board; Bureau of the Census • Copyright © 2011 Crandall, Pierce & Company
Leading Indicator Index
Ratio Coincident to Lagging Indicators
Industrial Production Index
Gross Domestic Product
*2/11
Index 2007=100
Percent Change from Previous Year
Index 2004=100
The Economy
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GL6
CCCI
Inventory / Sales Ratio
Manufacturers
*1/11
*4Q/10
Billions of 2005 Dollars
Real Gross Domestic Product
Ratio
Billions of Dollars 60 70 80 90
100
110
-10 -5 5 10 15 20 92 94 96 98
102
104
120
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
5000
7000
9000
11000
13000
15000
17000
8000
10000
12000
14000 -4 -2 2 4 6 8
The information presented herein was compiled from sources believed to be reliable. It is intended for illustrative purposes only, and is furnished without responsibility for completeness or accuracy. Past performance does not guarantee future results.
This illustration is subject to the terms & conditions at
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including the data contained herein, without prior written permission. 11 89 91 93 95 97 99 01 03 05 07 09 87 85

4. Industrial Production & Capacity Utilization
Mining
5.4%*
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Data Released 4/15/11; March 2011
*Last Observations March Sources: Federal Reserve Board; Copyright © 2011 Crandall, Pierce & Company • All rights reserved All data is seasonally adjusted.
Industrial Production & Capacity Utilization
296E
Percent of Capacity
Manufacturing
Nondurable
-10 -5 5 10
77.9%*
13.4%*
Year to Year Percentage Change 70 75 80 85 90 65
-20
-15 15
Final Products &
Nonindustrial Supplies
Materials
Utilities
Capacity Utilization
by Industry Groups
Industrial Production
by Market Groups
Total
Durable
Consumer Goods
Business Equipment
5.9%*
5.7%*
4.0%*
6.1%*
7.1%*
11.3%*
3.0%*
1.5%*
77.4%*
75.8%*
73.9%*
88.1%*
79.7%* 20 60 95
Construction
Supplies
7.7%*
The information presented herein was compiled from sources believed to be reliable. It is intended for illustrative purposes only, and is furnished without responsibility for completeness or accuracy. Past performance does not guarantee future results.
This illustration is subject to the terms & conditions at
Under no circumstances may this illustration be copied, reproduced or redistributed in whole or in part
including the data contained herein, without prior written permission. 96 99 02 05 08 11 93 87

7. Consumer Trends Index of Consumer Sentiment Real Retail Sales
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Shaded areas represent recessionary periods.
*Indicates Last Observation.
Sources: Bureau of the Census; Federal Reserve Board; Bureau of Economic Analysis; University of Michigan • Copyright © 2011 Crandall, Pierce & Company
Consumer Trends
Index of Consumer Sentiment
Real Retail Sales
Consumer Installment Debt as a %
New Housing Units Started &
Automobile & Light Truck Retail Sales
Real Disposable Personal Income &
of Disposable Personal Income
Index of New Housing Permits
Personal Savings
*3/11
*2/11
*1/11
Index 1st Quarter 1966=100
Housing Starts, Thousands of Units
Total, Millions of Units
Domestic, Millions of Units
Billions of Dollars
Percent Change from Previous Year
Percent
Personal Savings as a Percent of D.P.I.
Real D.P.I, % Change-Previous Year
Housing Permits, Thousands of Permits
500
1000
1500
2000
2500
3000 8 10 12 14 16 18 20 22 24 -2 2 4 6 17 19 21 23 25 55 60 65 70 75 80 85 90 95
100
105
110
115
120
130
140
150
160
170
-10 -5 5 15
The information presented herein was compiled from sources believed to be reliable. It is intended for illustrative purposes only, and is furnished without responsibility for completeness or accuracy. Past performance does not guarantee future results.
This illustration is subject to the terms & conditions at
Under no circumstances may this illustration be copied, reproduced or redistributed in whole or in part
including the data contained herein, without prior written permission. 11 89 91 93 97 99 01 03 05 07 09 87

8. Net Credit Card Charge-Off Rates and Personal Bankruptcy Filings
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-CCXCVIII- 2% 4% 6% 8%
10%
12%
14%
200
400
600
800
1000
1200
1400
1600
1800
2000
2200
Net Charge-Off Rates (Annualized)
Number of Bankruptcy Filings (Trailing 12 Months, In Thousands)
Sources: Federal Deposit Insurance Corporation; Administrative Office of the United States Courts; Commercial Bank Call Reports
; Copyright © 2011 Crandall, Pierce & Company
288S
Net Credit Card Charge-Off Rates
and Personal Bankruptcy Filings
scale left
Personal Bankruptcy Filings
scale right
Net Credit Card Charge-Off Rates are credit card loans charged off (removed from the balance sheet due to uncollectibility),
less amounts recovered that were previously charged off, as a percent of total credit card loans outstanding.
Note: The year ending 3rd Quarter 2010
produced 1,536,756 personal bankruptcies.
1988
1990
1992
1994
1996
1998
2002
2004
2006
2008
2010
1986
The information presented herein was compiled from sources believed to be reliable. It is intended for illustrative purposes only, and is furnished without responsibility for completeness or accuracy. Past performance does not guarantee future results.
This illustration is subject to the terms & conditions at
Under no circumstances may this illustration be copied, reproduced or redistributed in whole or in part
including the data contained herein, without prior written permission.

9. Payroll Growth by Sector
Total
100%
Goods-Producing
13.7%
Manufacturing
65.0%
Durable
61.9%
Nondurable
38.1%
Construction
30.7%
Mining and Logging
4.3%
Service-Providing
86.3%
Wholesale Trade
4.9%
Retail Trade
12.9%
Transportation and Warehousing
3.8%
Utilities
0.5%
Information
2.4%
Financial Activities
6.7%
Professional and Business Services
15.1%
Education and Health Services
17.6%
Leisure and Hospitality
11.7%
Other Services
4.8%
Government
19.6%
Wholesale & Retail Trade
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216E
Payroll Growth by Sector
Data Released 5/6/11; April 2011
-12
-10 -8 -6 -4 -2 2 4
Year to Year Percentage Change
Durable & Nondurable Goods
-15 -5 5 10 15
Mining & Logging
Total Payrolls* 6 8 12 14
Transportation/Warehousing & Utilities
Leisure and Hospitality & Other Services
Transportation/Warehousing
Wholesale
Contribution By Secto r
Total Payrolls
Goods-Producing*
Payrolls: Measured By Employees On Nonfarm Payrolls. Sources: Bureau of Labor Statistics • Copyright © 2011 Crandall, Pierce & Company • All rights reserved. *Data Expressed in Thousands
2005
2008
2011
1999
Nonfarm Payrolls
Service-Providing*
Information & Financial Activities
Financial
Activities
& Education and Health Services
Professional
and
Business
Education and
Health
Leisure and
Hospitality
Retail
2002
March
Change April
130, ,026
1996
Change April
112, ,031
The information presented herein was compiled from sources believed to be reliable. It is intended for illustrative purposes only, and is furnished without responsibility for completeness or accuracy. Past performance does not guarantee future results.
This illustration is subject to the terms & conditions at
Under no circumstances may this illustration be copied, reproduced or redistributed in whole or in part
including the data contained herein, without prior written permission.
17, ,997 05 08 11 99 02 96

10. Employment Cost Index Data Released 1/28/11; 4th Quarter 20101 2 3 4 5 6 7 8 9
Manufacturing
*Last Observations 4th Quarter 2010
1.7%*
Sources: Bureau of Labor Statistics; Copyright © 2011 Crandall, Pierce & Company • All rights reserved.
2.0%*
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Year to Year Percentage Change
State & Local Government
Data Released 1/28/11; 4th Quarter 2010
Employment Cost Index
Benefit Costs
Wages and Salaries
Total Compensation
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
Total Civilian
Total Private 10
1.8%*
1.6%*
1.2%*
2.9%*
Goods Producing
Service Producing
2.3%*
1.9%*
1.5%*
4.0%*
2.5%*
2.8%*
1.0%*
Construction
5.0%*
-CCXCIX-
299C
0.7%*
The information presented herein was compiled from sources believed to be reliable. It is intended for illustrative purposes only, and is furnished without responsibility for completeness or accuracy. Past performance does not guarantee future results.
This illustration is subject to the terms & conditions at
Under no circumstances may this illustration be copied, reproduced or redistributed in whole or in part
including the data contained herein, without prior written permission.
2004
2006
2008
2010
2002

11. Inflation Outlook Producer Price Index Ratio of Consumer Prices to
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Shaded areas represent recessionary periods. *Indicates Last Observation.
Sources: Bureau of Labor Statistics • Copyright © 2011 Crandall, Pierce & Company. • All rights reserved.
Inflation Outlook
Index =100
Producer Price Index
Ratio of Consumer Prices to
Producer Prices
Consumer Price Index for Food
Producer Price Index Finished Goods
*2/11
GL3
CCC
Consumer Price Index
Percent Change from Previous Year
Consumer Price Index for Energy
Index 1982=100
Ratio
120
140
160
180
200
220
240 -2 2 4 6 8
-15
-10 -5 5 10 15 20
100
1.05
1.10
1.15
1.20
1.25
1.30
1.35
1.40
125
150
175
225
250
275
300
-20 40 60
110
130
170
190
210
230
The information presented herein was compiled from sources believed to be reliable. It is intended for illustrative purposes only, and is furnished without responsibility for completeness or accuracy. Past performance does not guarantee future results.
This illustration is subject to the terms & conditions at
Under no circumstances may this illustration be copied, reproduced or redistributed in whole or in part
including the data contained herein, without prior written permission. 11 89 93 95 97 99 01 03 05 07 09 91 87 85

13. Productivity & Inflation
Output per Hour
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Sources: Bureau of Economic Analysis; Bureau of Labor Statistics • Copyright © 2011 Crandall, Pierce & Company • All rights reserved.
Shaded areas represent recessionary periods. -4 -2 2 4 6 8 10 12 14 16
Productivity & Inflation
Consumer Price Index
Year to Year Percentage Change
Last Obs. February 2011 2C
CCC
Business Sector, YTY % Change
Last Obs. IV Quarter 2010
Unit Labor Cost
The information presented herein was compiled from sources believed to be reliable. It is intended for illustrative purposes only, and is furnished without responsibility for completeness or accuracy. Past performance does not guarantee future results.
This illustration is subject to the terms & conditions at
Under no circumstances may this illustration be copied, reproduced or redistributed in whole or in part
including the data contained herein, without prior written permission. 79 81 83 85 87 89 91 93 95 97 99 01 03 05 07 09 11 73 77 75 71 69 67 65 63

16. On Business Horizons:
“A man's feet must be planted in his country, but his eyes should survey the world.” *
*Jorge Agustín Nicolás Ruiz de Santayana y Borrás

18. A Declining Dollar Makes U.S. Goods More Attractive
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Net Exports of Goods and Services
Billions of 2005 Dollars
Scale Right
Sources: Bureau of Economic Analysis; Federal Reserve Board • Copyright © 2011 Crandall, Pierce & Company • All rights reserved.
Shaded areas represent recessionary periods.
10E
150
140
130
120
110
100 90 80 70
-750
-700
-650
-600
-550
-500
-450
-400
-350
-300
-250
-200
-150
-100
-50 50
A Declining Dollar Makes U.S. Goods More Attractive
-397.7
35.5
-756.5
4Q/10
3Q/80
3Q/06
Latest
Maximum
Minimum
Value
Date
-CCCI-
U.S. Dollar Exchange Value
Scale Left
70.83
143.91
70.34
Mar. '11
Mar. '85
Mar. '08
March 1973=100, Led One Year, Inverted Scale 86 88 92 94 96 98 00 02 04 06 08 12 10 84 82 78 76
The information presented herein was compiled from sources believed to be reliable. It is intended for illustrative purposes only, and is furnished without responsibility for completeness or accuracy. Past performance does not guarantee future results.
This illustration is subject to the terms & conditions at
Under no circumstances may this illustration be copied, reproduced or redistributed in whole or in part
including the data contained herein, without prior written permission. 74

19. United States Merchandise Trade
7.0
121.3
-34.2
-111.5
-339.5
-13.6
-214.5
33.2
71.8
220.3
507.1
229.6
496.3
68.2
214.5
-25.9
Foods, Feeds, and Beverages
Industrial Supplies and Materials,
Less Petroleum and Products
Capital Goods, Less Automotive
Automotive Vehicles, Engines, and Parts C
onsumer Goods, Less Automotive O
ther P
etroleum and Products R
esidual
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Sources: Bureau of Economic Analysis; Copyright © 2011 Crandall, Pierce & Company • All rights reserved Note: All Data Expressed in Billions of 2005 Dollars
260E
-CCCII-
United States Merchandise Trade
By End Use Category In Constant Dollars
Net Exports: Consumer Goods,
Less Automotive
-800
-700
-600
-500
-400
-300
-200
-100
100
-40
-20 20 40 60 80
120
140
-250
-150
-50
Billions of 2005 Dollars
Imports of Petroleum and Products
Net Exports
Net Exports: Less
Petroleum and Products
Net Exports: Automotive
Vehicles, Engines, and Parts
175
200
225
250
275
300
Exports Imports Balance
First Quarter 2011
Total
1230.1
1781.9
-551.8
Net Exports: Other
Net Exports: Industrial
Supplies and Materials,
Net Exports: Capital Goods,
Net Exports: Foods, Feeds,
and Beverages 90 02 93 96 99 08 05 11
78.8
341.6
472.9
118.1
156.8
54.6
7.3
The information presented herein was compiled from sources believed to be reliable. It is intended for illustrative purposes only, and is furnished without responsibility for completeness or accuracy. Past performance does not guarantee future results.
This illustration is subject to the terms & conditions at
Under no circumstances may this illustration be copied, reproduced or redistributed in whole or in part
including the data contained herein, without prior written permission. 87

20. United States Petroleum Summary
Sources: Energy Information Administration; Dow Jones & Company; • Copyright © 2011 Crandall, Pierce & Company • All rights reserved.
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United States Petroleum Summary
$25
$50
$75
$100
$125
$150
Weekly Prices
West Texas Intermediate Crude Oil Futures Settle Price
Dollars Per Barrel, Scale Left
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
30%
35%
40%
45%
50%
55%
60%
65%
70%
Crude Oil by Source
Imports as a
Percentage of Total Crude Oil
150
200
250
300
350
400
450
500
550
Monthly Consumption - Millions of Barrels
Total Stocks - Millions of Barrels
Finished Motor Gasoline
Crude Oil
Last Observations January 2011
U.S. Field Production as a 50
100
Last Observations Week Ending 4/15/11
(Excluding Strategic Petroleum Reserve)
405S
Retail
Gasoline Retail Price
Dollars Per Gallon, Scale Right
Heating Oil Futures Price
The information presented herein was compiled from sources believed to be reliable. It is intended for illustrative purposes only, and is furnished without responsibility for completeness or accuracy. Past performance does not guarantee future results.
This illustration is subject to the terms & conditions at
Under no circumstances may this illustration be copied, reproduced or redistributed in whole or in part
including the data contained herein, without prior written permission.
2011
2008
2005
2002
1999
1996