Ceridian-UCLA Pulse of Commerce Index Rose 2.4% In December
The Ceridian-UCLA Pulse of Commerce Index rose 2.4% in December after rising 0.4% in November.
The latest PCI data further evidences the positive economic sentiment felt since the start of the New Year,” explained Ed Leamer, chief PCI economist and director of the UCLA Anderson Forecast. “However, we have not entirely escaped the summer doldrums as the three-month moving average is still below its July 2010 level.
The index is designed to track diesel fuel consumption in real-time to serve as an industrial production proxy.
Chat 1. Ceridian-UCLA Pulse of Commerce Index
