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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.
![](http://www.blytic.com/GetImage.aspx?name=84346609f87743a7921ce05ea2b1b74a_LARGE)
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.