Research >> Economics
DJ-BTMU U.S. Business Barometer increased 0.1%
For the week ending June 20, 2009, the DJ-BTMU U.S. Business Barometer increased +0.1 percent finally stemming the steep drops in the prior two weeks. In the latest week consumers stepped up their home buying activity and went to the movies. Mortgage applications have picked up alongside home affordability and movies tend to offer at least a brief escape from the harsh realities of today’s economy. With the second quarter coming to a close, the barometer is pointing to an overall drop in real GDP of around -2 percent compared to -5.5 percent in the first quarter of the year.
Posted: July 2, 2009 Thursday 10:00 AM