Research >> Economics
DJ-BTMU U.S. Business Barometer unchanged%
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For the week ending May 28, 2011, the DJ-BTMU U.S. Business Barometer was flat following two consecutive weeks of declines. Seasonally-adjusted box office receipts increased, reversing the prior week’s loss, but inflation-adjusted chain store sales remained weak, up only slightly in the latest week, after dropping the previous two weeks. On the production side, electric output came back strongly after the previous week’s fall, more than offsetting declines in auto and lumber production.
On a year-over-year basis, the barometer was +1.5 percent in the week ending May 28, 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: June 9, 2011 Thursday 10:00 AM