Thursday, August 12, 2010

On The Pulse: Ceridian-UCLA Pulse of Commerce Index July 2010

The latest release of the Ceridian-UCLA Pulse of Commerce Index™ (PCI) suggests that the economic activity picked up in July with the seasonally adjusted index increasing 1.66% as compared to June and remaining 8.00% above the level seen in July 2009.

Further, the three month moving average registered another significant year-over-year increase indicating that the July Industrial Production data will likely show a similar annual gain.