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. 

US-recovery-tracker

 

You may be interested in

Post

Australia: RBA hike by another 25 bps as the fight against inflation continues

The RBA has raised its cash rate target by a further 25 basis points, taking it to 4.1%. Although inflation has peaked, the RBA board is still clearly uncomfortable with its brisk pace.

Find Out More

Post

BIS Oxford Economics to be rebranded as Oxford Economics Australia

Over the past six years we've maintained the unique modelling and analysis that clients and the media have come to rely on from BIS Shrapnel while incorporating Oxford Economics' rigorous global modelling and analytical framework to complement it," said David Walker, Director, Oxford Economics Australia.

Find Out More
Johannesburg, South Africa

Post

Introducing our renovated African Forecasting Service

From economy to politics, investment to operation, fuel your business growth by leveraging our complete Africa solutions.

Find Out More