Research >> Economics
DJ-BTMU U.S. Business Barometer down 0.1%
For the week ending October 9, 2010, the DJ-BTMU U.S. Business Barometer edged down by another -0.1 percent on top of a downward revised -0.5 percent decline in the prior week. The downward revision to the week ending October 2nd came from a revised decline in inflation-adjusted chain store sales, to -1.7 percent compared to the originally reported -1.0 percent. Electric output continued to fall on more moderate temperatures while mortgage applications took a big hit, but failed to fully reverse a surge in applications in the prior week. While two weeks into the fourth quarter is too early to make a determination of expected output based solely on the barometer’s performance, we can safely say no signs yet of acceleration in economic activity have appeared.
Posted: October 21, 2010 Thursday 10:00 AM