When rebuilding, restoring and upgrading fails, you can recover your data. Outlook stores your data in the Data Records folder in your Identity folder.
~/Documents/Microsoft User Data/Office 2011 Identities/Main Identity/Data Records
If you restore your Identity from Time Machine or another backup and it fails to rebuild, or you upgraded to Service Pack 2 (SP2) 14.2.1 and you have missing data you can restore your data from your old Identity. ALWAYS WORK OFF A COPY . . .
Continue Reading: How to recover your data when rebuilding, restoring and upgrading fails
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