Ungated Post | 28 Aug 2020

US Recovery Tracker builds some momentum in mid-August

Our Recovery Tracker rose 1.1ppt for a second consecutive week, reaching 79.1 in the week ended Aug 14. Growth in four of the six dimensions points to relative resilience. But given the fiscal aid impasse, the unchanged demand tracker since the end of July and weakening employment gains are worrisome.

Five months into the coronavirus crisis, some sectors have made significant progress but are struggling to regain their pre-Covid luster. While the expiry of the federal top-up to jobless benefits hasn’t led to a sharp fallback in spending, the stalling recovery is an important risk at this stage in the recession. Further, the rebound could adopt a K-shape with those fortunate enough to be able to work remotely and benefit from stock market gains still spending, and those dependent on further fiscal aid experiencing severe income difficulties.

US-recovery-tracker

 

You may be interested in

Aerial view of Singapore business district and city at twilight

Post

Sneak preview: our new Asia Real Estate Service

The new Asia Real Estate Economics Service helps companies understand the implications of macroeconomic, geopolitical, financial and climate change on private and public real estate performance in Asia. The first globally consistent and independent set of real estate forecasts, the service offers regular analysis and commentary from our highly experienced team of real estate economists.

Find Out More

Post

Oxford Economics Launches Global Risk Service

Oxford Economics launches our Global Risk Service, a suite of data-driven and forward-looking tools that measure macro-economic and financial crises risks in 166 countries.

Find Out More
George street, Sydney

Post

Australia’s CAPEX falters in Q1, with cost inflation to test activity

Private new capital expenditure fell 0.3% q/q in Q1 2022, led lower by a fall in buildings and structures investment. The weak result is in part due to the impact of Omicron on labour availability, and the postponement of construction activity in flood affected areas. Machinery & equipment volumes rose in the quarter.

Find Out More