Research >> Economics
DJ-BTMU U.S. Business Barometer up 0.3%
For the week ending June 26, 2010, the DJ-BTMU U.S. Business Barometer gained +0.3 percent on a fit of strong consumer spending, but its sideways trend in June remained intact. While the barometer accelerated in the second quarter, on both a quarter-to-quarter and a year-over-year basis, the recent behavior of the barometer suggests that the economy stalled in June and is set for slower growth ahead. Last week former Fed Chairman Alan Greenspan noted that signs of a slowdown are not unusual at this stage in an economic recovery, calling it a “typical pause”.
Posted: July 8, 2010 Thursday 10:00 AM