US DATA: Ceridian-UCLA Pulse of Commerce Index -0.6% in Oct vs
-0.5% in Sept and -1.0% in Aug. “The three consecutive month decline is
the first since January 2009, when the U.S. was still deep in recession.
The negative month-over-month trajectory for October, typically a peak
month for America’s trucking industry, may also prelude a disappointing
holiday retail season.” Index is based on real-time fuel consumption for
over the road trucking and tracks the movement of materials and goods.