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Wednesday, February 09, 2011

Ceridian-UCLA: Diesel Fuel index decreases slightly in January

by Calculated Risk on 2/09/2011 09:00:00 AM

This is the new UCLA Anderson Forecast and Ceridian Corporation index using real-time diesel fuel consumption data: Pulse of Commerce IndexTM

Pulse of Commerce Index Click on graph for larger image in new window.

This graph shows the index since January 2000.

Press Release: PCI Posts 14th Consecutive Month of Year-Over-Year Growth

The Ceridian-UCLA Pulse of Commerce Index™ (PCI), issued today by the UCLA Anderson School of Management and Ceridian Corporation fell 0.3% on a seasonally and monthly workday adjusted basis in January, giving up some of December’s exceptional 1.8% sequential gain. Because of the very strong December showing, the three-month annualized moving average is up 5.1% and gaining strength.
The combined effect of very strong sequential gains in December and holding onto most of those gains in January suggest growth in industrial production for January equal to 0.3% when reported on February 16th.
The Ceridian-UCLA Pulse of Commerce Index™ is based on real-time diesel fuel consumption data for over the road trucking ...
Note: This index does appear to track Industrial Production over time (with plenty of noise). Industrial Production for December will be released February 16th.