Research >> Economics
DJ-BTMU U.S. Business Barometer Jumped 0.8%
For the week ending June 27, 2009, the DJ-BTMU U.S. Business Barometer posted its largest weekly gain since early January, jumping +0.8 percent and finishing the second quarter of 2009 on a strong note. Indeed, although the business barometer continued to decline in the second quarter it did so at half the pace compared to the first quarter of the year. Likewise, on July 31st we expect the BLS to report that second quarter growth for the U.S. economy declined by roughly -2 percent compared to a drop of -5.5 percent in the prior quarter. The business barometer reflects the downdraft that diminished greatly in the second quarter, bringing the U.S. economy to a trough in the business cycle.
Posted: July 9, 2009 Thursday 10:00 AM