Pulse of Commerce Index Increased 0.7 Percent in February

MINNEAPOLIS, Minn. & LOS ANGELES, Calif., March 13, 2012 The Ceridian-UCLA Pulse of Commerce Index® (PCI®), issued today by the UCLA Anderson School of Management and Ceridian Corporation, rose 0.7 percent in February but was not enough to offset the 1.7 percent decline in the previous month. The most recent three-month period from December to February is lower than the previous three months from September to November 2011 by 3.2 percent at an annualized rate. With the first two months of the quarter known, the PCI must grow by over 4 percent from February to March to allow the PCI...

Pulse of Commerce Index Dropped 1.7 Percent in January; Compared with Prior Year, the PCI is Down 2.2 Percent

MINNEAPOLIS, Minn. & LOS ANGELES, Calif., February 14, 2012 The Ceridian-UCLA Pulse of Commerce Index® (PCI®), issued today by the UCLA Anderson School of Management and Ceridian Corporation, fell 1.7 percent in January following the 0.4 percent decrease in December*. January’s data places the PCI 2.2 percent below year-ago levels with essentially no growth in the year-and-a-half since the summer of 2010. “It seems difficult to square the behavior of the PCI with the evident improvement in a number of economic indicators, most notably the increase in payroll jobs and the decrease in initial claims for unemployment,” said Ed Leamer,...

Pulse of Commerce Index Increased 0.2 Percent in December

Compared to Prior Year, the Pulse is Down 0.7 Percent MINNEAPOLIS, Minn. & LOS ANGELES, Calif., January 11, 2012 The Ceridian-UCLA Pulse of Commerce Index® (PCI®), issued today by the UCLA Anderson School of Management and Ceridian Corporation, rose 0.2 percent in December following the 0.1 percent increase in November and the 1.1 percent increase in October. Although December’s news is positive, the combined effect of the three consecutive positive months was not enough to offset the weakness of trucking last summer and the PCI in December 2011 is 1.2 percent below its June 2011 level. In the past three...

Pulse of Commerce Index Increased 0.1 Percent in November

Compared to November 2010, the PCI is Up 0.9 Percent MINNEAPOLIS, Minn. & LOS ANGELES, Calif., December 13, 2011 The Ceridian-UCLA Pulse of Commerce Index® (PCI®), issued today by the UCLA Anderson School of Management and Ceridian Corporation rose 0.1 percent in November following a 1.1 percent increase in October. Over the past three months, compared to the prior three months, the PCI declined at an annualized rate of 4.8 percent. On a year-over-year basis, the PCI grew 0.9 percent in November compared to the 1.3 percent year-over-year increase in October. “The continuing weakness in the PCI is out-of-sync with...

Pulse of Commerce Index Increased 0.1 Percent in November

Compared to November 2010, the PCI is Up 0.9 Percent MINNEAPOLIS, Minn. & LOS ANGELES, Calif., December 13, 2011 The Ceridian-UCLA Pulse of Commerce Index® (PCI®), issued today by the UCLA Anderson School of Management and Ceridian Corporation rose 0.1 percent in November following a 1.1 percent increase in October. Over the past three months, compared to the prior three months, the PCI declined at an annualized rate of 4.8 percent. On a year-over-year basis, the PCI grew 0.9 percent in November compared to the 1.3 percent year-over-year increase in October. “The continuing weakness in the PCI is out-of-sync with...

Pulse of Commerce Index Increased 1.1 Percent in October Offsetting the 1.0 Percent Decline in September

But decline in August leaves the three-month moving average still falling MINNEAPOLIS, Minn. & LOS ANGELES, Calif., November 9, 2011 The Ceridian-UCLA Pulse of Commerce Index®(PCI®), issued today by the UCLA Anderson School of Management and Ceridian Corporation, rose 1.1 percent in October after three consecutive months of negative numbers. Over the past three months, compared to the prior three months, the PCI declined at an annualized rate of 5.8 percent and the PCI remains lower than it was during most of the first half of 2011. “The October data offer some welcome relief from the double-dip fears that were rampant a...

Pulse of Commerce Index Increased 1.1 Percent in October Offsetting the 1.0 Percent Decline in September

But decline in August leaves the three-month moving average still falling MINNEAPOLIS, Minn. & LOS ANGELES, Calif., November 9, 2011 The Ceridian-UCLA Pulse of Commerce Index®(PCI®), issued today by the UCLA Anderson School of Management and Ceridian Corporation, rose 1.1 percent in October after three consecutive months of negative numbers. Over the past three months, compared to the prior three months, the PCI declined at an annualized rate of 5.8 percent and the PCI remains lower than it was during most of the first half of 2011. “The October data offer some welcome relief from the double-dip fears that were rampant a...

Pulse of Commerce Index Increased 1.1 Percent in October Offsetting the 1.0 Percent Decline in September

But decline in August leaves the three-month moving average still falling MINNEAPOLIS, Minn. & LOS ANGELES, Calif., November 9, 2011 The Ceridian-UCLA Pulse of Commerce Index®(PCI®), issued today by the UCLA Anderson School of Management and Ceridian Corporation, rose 1.1 percent in October after three consecutive months of negative numbers. Over the past three months, compared to the prior three months, the PCI declined at an annualized rate of 5.8 percent and the PCI remains lower than it was during most of the first half of 2011. “The October data offer some welcome relief from the double-dip fears that were rampant a...

Pulse of Commerce Index Falls for the Third Month in a Row – Down 1.0 Percent in September

Alarming news for the third quarter and beyond MINNEAPOLIS, Minn. & LOS ANGELES, Calif., October 12, 2011 The Ceridian-UCLA Pulse of Commerce Index®(PCI®), issued today by the UCLA Anderson School of Management and Ceridian Corporation, fell 1.0 percent in September on a seasonally and workday adjusted basis, following a 1.4 percent decline in August and a 0.2 percent decline in July. With hopes that September data would be positive, last month we wrote ‘Based on the July and August data, the PCI will likely decline in the third quarter and this suggests GDP growth of zero to 1.0 percent.’ Ed Leamer, chief...

Pulse of Commerce Index Falls for the Third Month in a Row – Down 1.0 Percent in September

Alarming news for the third quarter and beyond MINNEAPOLIS, Minn. & LOS ANGELES, Calif., October 12, 2011 The Ceridian-UCLA Pulse of Commerce Index®(PCI®), issued today by the UCLA Anderson School of Management and Ceridian Corporation, fell 1.0 percent in September on a seasonally and workday adjusted basis, following a 1.4 percent decline in August and a 0.2 percent decline in July. With hopes that September data would be positive, last month we wrote ‘Based on the July and August data, the PCI will likely decline in the third quarter and this suggests GDP growth of zero to 1.0 percent.’ Ed Leamer, chief...
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