Wednesday, November 10, 2010

On The Pulse: Ceridian-UCLA Pulse of Commerce Index October 2010

The latest release of the Ceridian-UCLA Pulse of Commerce Index™ (PCI) suggests that the economic activity slipped again October with the seasonally adjusted index declining .59% as compared to September but remaining 4.07% above the level seen in October 2009.

Further, the three month moving average has now clearly started to decline indicating that the October Industrial Production data will likely continue to show a similar trend.