Tuesday, September 14, 2010

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

The latest release of the Ceridian-UCLA Pulse of Commerce Index™ (PCI) suggests that the economic activity slipped in August with the seasonally adjusted index declining 1.01% as compared to July and remaining 6.32% above the level seen in August 2009.

Further, the three month moving average declined slightly indicating that the August Industrial Production data (released tomorrow) will likely show a similar trend.