Research >> Economics
DJ-BTMU U.S. Business Barometer up by 0.5%
For the week ending February 27, 2010, the DJ-BTMU U.S. Business Barometer built upon the prior week’s gain by rising another +0.5 percent. On a year-over-year basis the barometer finally posted its first increase since December 2007 and the largest increase since December 2005. In the latest week motor vehicle production continued to add to growth, as well as related steel production. Business activity also picked up in the week ending February 27th, as indicated by an increase in rail car loadings. Two-thirds of the way through the first quarter shows that the economy slowed from its torrid pace set in Q4 2009, but is still holding its own with a growth rate tracking above 3 percent.
Posted: March 11, 2010 Thursday 10:00 AM