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DJ-BTMU U.S. Business Barometer unch%
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For the week ending October 11 2014, the DJ-BTMU U.S. Business Barometer remained at the same level, 98.3, from the prior week as negative performances of consumption indexes were cancelled out by gains in productions indexes. Both chain store sales and MBA’s purchase index dipped by 0.7 percent, following a recovery in the previous week. As to the production side, electric output reported a solid gain of 5.7 percent, while auto production picked up by 2.8 percent, after declining 7.4 percent last week.
On a year-over-year basis, the barometer showed a gain of 1.3 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, remained at 98.3 for three weeks in a row. Its year-over-year growth rate was 1.1 percent.
Posted: October 23, 2014 Thursday 10:00 AM