Wednesday, August 10, 2011

On The Pulse: Ceridian-UCLA Pulse of Commerce Index July 2011

The latest release of the Ceridian-UCLA Pulse of Commerce Index™ (PCI) suggests that economic activity slowed in July with the seasonally adjusted index declining 0.21% from June and only rising 1.0% above the level seen in July 2010.

The three month moving average of the PCI declined slightly from June indicating that the July (released next week) Industrial Production data will likely show a similar trend.