The latest release of the Ceridian-UCLA Pulse of Commerce Index™ (PCI) suggests that economic activity improved in October with the seasonally adjusted index climbing 1.15% from September and climbing 1.33% above the level seen in October 2010.Currently, the PCI appears to be slowing overall joining a host of other sensitive indicators that currently appear to be signaling notable economic weakness and possible looming recession.
The three month moving average of the PCI declined from September indicating that the October (released next week) Industrial Production data will likely show a similar trend.
