Research >> Economics
DJ-BTMU U.S. Business Barometer decreased 0.6%
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For the week ending June 11, 2011, the DJ-BTMU U.S. Business Barometer fell -0.6 percent, following a gain of +0.6 percent in the prior week. The overall index was dragged down by industrial components. Auto and truck production declined sharply, more than offsetting a big production jump in the prior week. On the consumption side, inflation-adjusted chain store sales declined after increasing for two consecutive weeks, while mortgage applications rose and box office receipts showed a small gain in the latest week.
On a year-over-year basis, the barometer slowed to +1.6 percent in the week ending June 11, 2011, which compares to an average -3.3 percent decline over the Great Recession (determined to have ended in June 2009 according to the NBER). After flat lining in 2006, and declining from 2007 through 2009, the barometer bounced back in 2010 to rise by +3.4 percent, which was the strongest increase since 1994 (+4.0%), but not so impressive when you compare it to an -8.0 percent drop in 2009.
Posted: June 23, 2011 Thursday 10:00 AM