Research >> Economics
BTMU U.S. Business Barometer increased by 1.2%
For the week ending July 4 2015, the BTMU U.S. Business Barometer increased by a solid 1.2 percent to 100.7. This week’s barometer was driven by strong performances in auto and truck production, which increased by 38.1 and 12.1 percent respectively. Along smilar lines, chain store sales and MBA’s purchase index rose by 2.1 and 6.6 percent, respectively. On the other hand, electric output went down by 7.2 percent and coal bituminous and lignite production decreased by 5.8 percent.
On a year-over-year basis, the barometer showed a gain of 1.3 percent, which compares to an average -3.3 percent decline over the Great Recession (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 percent), but not so impressive when compared to an -8.0 percent drop in 2009. The rate of increase for the 2013 slowed to 0.7 percent following 1.5 percent in 2012.
The smoothed version of the barometer, which attempts to account for weekly volatility, increased by 0.3 percent to 99.8. Its year-over-year growth rate was 1.0 percent.
Posted: July 16, 2015 Thursday 10:00 AM