Increased Diesel Sales = Better Economy...

Posted by Expert Gadget Reviewer on Wednesday, 16 June 2010

Think the best way to judge the health of the economy is by looking at the standard issue government reports? Guess again...

A recent Bloomberg Businessweek article highlighted several alternative "metrics" for measuring the economy in "real-time" including;
  • Diesel Fuel Sales from 7,000 truck stops across the country
  • Train shipments of waste and scrap materials
  • Electrical usage by commercial users
  • Use of Temporary Workers
Courtesy of Ceridian-UCLA Pulse of Commerce Index

The Pulse of Commerce Index (PCI), which measures the diesel fuel sales referenced above was up 3.1% in May from April. This is the largest monthly increase since February of 1999