Pulse of Commerce Index: October Gain Offsets September Decline

Advisor Perspectives | Doug Short | Doug Short | November 9, 2011 2:23 pm

Nov 09, 2011 Doug Short

The latest Ceridian-UCLA Pulse of Commerce Index (PCI), a measure of the economy based on diesel fuel consumption, is now available. The published report highlights the 1.1% increase in October with a cautionary subtitle “But decline in August leaves the three-month moving average still falling.” Here is an excerpt from the report followed by a pair of charts to illustrate the behavior of this indicator, the second of which adjusts for population growth.
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