The latest release of the Ceridian-UCLA Pulse of Commerce Index™ (PCI) suggests that economic activity improved slightly in November with the seasonally adjusted index climbing 0.13% from October and climbing 0.92% above the level seen in November 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 increased slightly from October indicating that the November (released this week) Industrial Production data will likely show a similar trend.
