Ungated Post | 25 Sep 2020

US Recovery Tracker slows to a crawl

Our US Recovery Tracker rose only 0.2ppts to 81.3 in the week ended Sept 11. Again fostering much of the gain was an improving public health situation, while a rise in employment and financial conditions was partially offset by a relapse in mobility, demand, and production.

Despite relatively encouraging news on the health front, the deterioration in demand and mobility post-Labor Day and ongoing softness in production are concerning. With colder weather arriving and the school year starting, restaurant and hotel activity is once again slowing. And while consumers are using their savings from unemployment payments and one-time checks to finance their outlays, the situation isn’t sustainable over time without stronger gains in employment. 



You may be interested in

women working in martin place


Anchors away – RBA change course and raise rates

The RBA has opted to raise the cash rate target to 0.35%. For some time, the RBA identified faster wage growth as its trigger for raising rates. Official data sources have provided no new information on this front over the past month. But the board has put their faith in information from the RBA business liaison program that wage growth is picking up.

Find Out More
Seattle skyline


Introducing our new US Real Estate Economics Service

The new US Real Estate Economics Service helps companies understand the implications of macroeconomic, geopolitical, financial and climate change on private and public real estate performance in the US. 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


Announcing the launch of our new website

We are pleased to announce the launch of our new My Oxford research portal. This will represent a major improvement for clients in the way that they access and interact with our research.

Find Out More