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Ceridian-UCLA PCI

Why Investors Care
The Ceridian-UCLA Pulse of Commerce Index (PCI) provides a from-the-trenches view of the economy. Economic activity is heavily dependent on trucking and, to a significant degree, economic growth tracks trucking activity and a reasonable measure of trucking activity is sales of diesel fuel for over the road trucking. A stronger PCI indicates a stronger economy and should support equity gains and lead Treasury rates to firm.

Frequency
Monthly.

Source
Ceridian Corporation and the Anderson School of Management, University of California-Los Angeles.

Availability
On or near the 10th day of each month.

Coverage
Data are for the month prior to the release month. Data for June are released in July.

Revisions
Annual updates for seasonal factors

Definition
The Ceridian-UCLA Pulse of Commerce Index (PCI) is based on real-time diesel fuel consumption data for over the road trucking. Ceridian is a global business services company providing electronic payment services and human resources solutions. By tracking the volume and location of fuel being purchased, the index closely monitors the over the road movement of raw materials, goods-in-process and finished goods to U.S. factories, retailers and consumers. The PCI serves as an indicator of the possible future direction of the U.S. economy. Working with economists at UCLA Anderson School of Management and Charles River Associates, Ceridian provides the index monthly.
 

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