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I had heard about this Index a few months back and last May this PCI Index jumped 3.1% - quite a jump to the upside. 
. Economy is surely chugging along and FED is quite a wizard of Oz.
I tend to agree with this for now, maybe till the end of this year, when stimulus draining can take place.
I am not able to upload the PCI chart from the pdf doc.
http://www.ceridianindex.com/
. Economy is surely chugging along and FED is quite a wizard of Oz.I tend to agree with this for now, maybe till the end of this year, when stimulus draining can take place.
I am not able to upload the PCI chart from the pdf doc.
http://www.ceridianindex.com/
What is the Ceridian-UCLA Pulse of Commerce Index™?
In conjunction with economists at UCLA Anderson School of Management and Charles River Associates, Ceridian has launched the groundbreaking Ceridian-UCLA Pulse of Commerce Index™ by UCLA Anderson School of Management, which is a first of its kind indicator of the state and possible future direction of the U.S. economy. The index is issued monthly, is based on real-time fuel consumption data for over the road trucking, and closely tracks to the Federal Reserve’s Industrial Production Index. By tracking the volume and location of diesel 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.
In conjunction with economists at UCLA Anderson School of Management and Charles River Associates, Ceridian has launched the groundbreaking Ceridian-UCLA Pulse of Commerce Index™ by UCLA Anderson School of Management, which is a first of its kind indicator of the state and possible future direction of the U.S. economy. The index is issued monthly, is based on real-time fuel consumption data for over the road trucking, and closely tracks to the Federal Reserve’s Industrial Production Index. By tracking the volume and location of diesel 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.