Global Economic News and Analysis
The Ceridian-UCLA Pulse of Commerce Index™ (PCI) rose 0.1 percent in November following the 1.1 percent increase in October. Econintersect uses the PCI raw data to help forecast Main Street economy – and our analysis is that the index is Down 0.4% month-over-month and UP 0.92% year-over-year. The data has been in a long term …
Continue reading “Ceridan-UCLA Index Up Slightly In November 2011”
As a reminder, last month the Ceridian-UCLA Pulse of Commerce Index™ (PCI) declined 1.0%. As diesel use is directly related to economic activity – this was a big deal. The PCI, which is designed to mimic GDP based on diesel consumption, has improved 1.1% in October 2011. Econintersect uses the PCI raw data to help …
Continue reading “October 2011 Diesel Consumption Improves, Breaking Down Trend”
The three month moving average of diesel consumption remains in a downward trend. The question is how close this data is to historical recession territory.
The Ceridian-UCLA Pulse of Commerce Index™ (PCI) which is based on diesel consumption and is designed to mimic GDP declined 1.4% in August 2011. Econintersect which uses the PCI raw data to help forecast Main Street economy is seeing a bottoming process (a potential end to less good data).
The Ceridian-UCLA Pulse of Commerce Index™ (PCI) which is based on diesel consumption fell 0.2% seasonally adjusted. Econintersect’s review of the unadjusted data believes the contraction was greater – being almost 0.5% month-over-month.