Retailers appear to have cut down on shipments to avoid excess holiday inventories, an action that has sapped some of the strength from the economy, according to a new report released by Ceridian-UCLA Tuesday.
The Ceridian-UCLA Pulse of Commerce Index tracks up-to-the-minute diesel fuel purchases by commercial trucks.
Diesel purchases have come to be a good proxy for the state of commerce across the country. An increase in sales means more goods are being trucked and fewer diesel purchases suggest commerce is slowing.
Nationwide, the index fell 0.6% in October after declining 0.5% in September and 1% in August. That was the first three-month drop since January 2009, at the height of the recession.
This is usually a leading indicator of the Fed's report on capacity utilization which is also due out soon.
Based upon this information, it would seem that the savings from a low variable rate with a SBA 7(a) loan should persist for some time.
For more go here: http://www.ceridianindex.com/
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment