| Ceridian-UCLA PCI |
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Released On 5/3/2012 9:00:00 AM For Apr, 2012
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Prior | Actual |
| Change | 0.3 % | 0.1 % | | Level | 94.14 | 94.19 |
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Highlights
The Ceridian-UCLA Pulse of Commerce Index (PCI), rose 0.1 percent in April following the 0.3 percent increase in March and the 0.7 percent increase in February. The PCI in the three months from February to April is below the previous three months by 1.2 percent at an annualized rate. By region, the East North Central showed the strongest monthly gain at 3.1 percent with the weakest being the Middle Atlantic with a 1.0 percent decline.
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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.
Why Investors Care
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The Ceridian-UCLA Pulse of Commerce Index (PCI) is based on real-time diesel fuel consumption data for over the road trucking. 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.
Data Source: Haver Analytics
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