Research >> Economics
DJ-BTMU U.S. Business Barometer up by 0.1%
For the week ending April 24, 2010, the DJ-BTMU U.S. Business Barometer increased +0.1 percent extending its growth streak to ten straight weeks. The consumption side of the barometer saw particular strength in inflation-adjusted chain store sales, a surge in mortgage applications (the last hurrah before the tax credit expires) and box office receipts. Since the beginning of the year the strongest components have been steel production, chain store sales, and railcar loadings with contributions to growth spread fairly evenly between production and consumption components. Even growth across the economy is a good sign that the recovery’s roots are getting deeper and will be able to withstand the gradual withdrawal of government stimulus.
Posted: May 6, 2010 Thursday 10:00 AM