Research >> Economics
DJ-BTMU U.S. Business Barometer rose by 0.2%
For the week ending June 28 2014, the DJ-BTMU U.S. Business Barometer rose by 0.2 percent from last week, in spite of weakening trend in most production indexes. The increase in this week’s barometer is entirely driven by chain store sales, which soared by a solid 1.0 percent, showing another positive gain for third consecutive week. As to the production side, electric output plummeted by 2.8 percent after a 5.9 percent gain in the prior week.
On a year-over-year basis, the barometer showed a gain of 0.8 percent, which compares to an average -3.3 percent decline over the Great Recession (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 percent), but not so impressive when compared to an -8.0 percent drop in 2009. The rate of increase for the 2013 slowed to 0.7 percent following 1.5 percent in 2012.
The smoothed version of the barometer, which attempts to account for weekly volatility, increased slightly by 0.1 percent for two weeks in a row. Its year-over-year growth rate remained at 0.7 percent.
Posted: July 10, 2014 Thursday 10:00 AM