The latest release of the Ceridian-UCLA Pulse of Commerce Index™ (PCI) suggests that economic activity slowed again in September with the seasonally adjusted index declining 1.05% from August and dropping 0.22% below the level seen in September 2010.Currently, the PCI appears to be joining a host of other sensitive indicators that currently appear to be signaling notable economic weakness and looming recession.
The three month moving average of the PCI declined notably from August indicating that the September (released next week) Industrial Production data will likely show a similar trend.
