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