Research >> Economics
DJ-BTMU U.S. Business Barometer Decreased by 0.2%
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For the week ending November 17, 2012, the DJ-BTMU U.S. Business Barometer was down by 0.2 percent following a flat reading in the previous week. On production side, truck and lumber production declined slightly. On consumption side, Chain Store Sales declined by 0.2% but not so worrisome data following 0.7% increase in the previous week.
On a year-over-year basis, the barometer showed increase of 1.0 percent, 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 flatlining 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 barometer increased by 2.2 percent in 2011 at a somewhat slower pace compared to 2010.
The smoothed version of the barometer, which attempts to account for weekly volatility, was unchanged for 2 weeks. Its year-over-year growth rate also unchanged showing 1.0 percent.
Posted: November 29, 2012 Thursday 10:00 AM