Research >> Economics
DJ-BTMU U.S. Business Barometer drops 0.6%
For the week ending July 17, 2010, the DJ-BTMU U.S. Business Barometer reversed course by dropping -0.6 percent after jumping by +0.9 percent in the prior week. The production side of the barometer has been on a roller coaster ride as typical seasonal patterns in auto production were interrupted when GM and others decided to forgo the annual summer shutdown period that had been scheduled for June 28 through July 9, citing the need to meet strong demand. The summer shutdown period occurs around the same time every year when automakers conduct model changeovers. The move also caused weekly initial jobless claims to be unusually volatile in July.
Posted: July 29, 2010 Thursday 10:00 AM