Global Macro Service > Research Briefings > United States

Recovery Tracker builds impressive momentum

Our US Recovery Tracker rose 1.2ppts to 81.9 in the week ended Feb. 12 – its highest level since October. Improving health dynamics remained central to the upward tendency. Firming mobility, stronger production, and looser financial conditions led the weekly gains. Employment tracked sideways, reflecting a still-fragile labor market, and demand cooled after a series of fiscally stimulated gains in January.

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