Research >> Economics
DJ-BTMU U.S. Business Barometer up 0.9%
For the week ending July 10, 2010, the DJ-BTMU U.S. Business Barometer jumped +0.9 percent on strong production activity, and was revised upward in the prior week to an increase of +0.1 percent (originally reported as flat). The majority of the barometer’s strength in the latest reporting week came from motor vehicle production where GM and others decided to forgo the annual summer shutdown period that had been scheduled for June 28 through July 9, citing the need to meet strong demand. The summer shutdown period occurs around the same time every year when automakers conduct model changeovers. The move also caused initial jobless claims to drop sharply over the same week because typically sidelined auto workers would have applied for benefits.
Posted: July 22, 2010 Thursday 10:00 AM