Research >> Economics
DJ-BTMU U.S. Business Barometer down -1.2%
For the week ending January 17, 2009, the DJ-BTMU U.S. Business Barometer fell by -1.2 percent as the timing of weekly seasonal adjustment continued the wild swings in motor vehicle production. Consumer activity was strong in the latest week with inflation-adjusted chain store sales rising +1.2 percent, mortgage application activity (driven mostly by refinancing) increasing +2.5 percent, and box office receipts jumping by +10.2 percent. All of the weakness in the barometer came from the production side with steel and coal production adding to the drop in vehicle production.
Posted: January 29, 2009 Thursday 10:00 AM