Tuesday, December 07, 2010

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

The latest release of the Ceridian-UCLA Pulse of Commerce Index™ (PCI) suggests that the economic activity increased slightly in November with the seasonally adjusted index increasing 0.38% as compared to October and remaining 4.48% above the level seen in November 2009.

Further, the three month moving average continued to decline indicating that the November Industrial Production data will likely show a similar trend.