Research >> Economics
DJ-BTMU U.S. Business Barometer decreased 0.1%
For the week ending May 14, 2011, the DJ-BTMU U.S. Business Barometer was down -0.1% following a positive reading in the prior week. Inflation-adjusted chain store sales decreased by -2.2% in the latest week after prior week’s +0.5% gain. This was largely offset by Electric output gain and strong comeback of Truck production, which increased by +9.0%.
On a year-over-year basis, the barometer was +2.4 percent in the week ending May 14, 2011, which compares to an average -3.3 percent decline over the Great Recession (determined to have 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%), but not so impressive when you compare it to an -8.0 percent drop in 2009.
Posted: May 26, 2011 Thursday 10:00 AM