The latest release of the Ceridian-UCLA Pulse of Commerce Index™ (PCI) suggests that economic activity slowed slightly in January with the seasonally adjusted index declining 0.30% from December but remaining 3.40% above the level seen in January 2010.Further, the three month moving average of the PCI increased 0.68% from December indicating that the January (next Wednesday) Industrial Production data will likely show a similar trend.
