US | Recovery Tracker ends May firing on all cylinders
Our US Recovery Tracker finished May on a high note, rising 1.5ppts to 94.6 in the week ended May 28. A Memorial Day boost to demand, looser financial conditions, better health conditions, more robust production, and stronger employment lifted the tracker to a new recovery peak.
What you will learn:
- Five of the tracker’s six dimensions rose in the final week of May.
- Regional recoveries maintained an encouraging trajectory through the final week of May, according to our State Recovery Trackers (SRTs).
- All regions except the East registered higher SRT readings, with the Southwest and Mountains recording the strongest advance.
Easing financial conditions offer CRE some respite
Our measure of financial conditions has become less restrictive in the US and started to loosen in the eurozone and the UK, reflecting investors' expectations that interest rates have peaked. This should aid the outlook for commercial real estate (CRE) on the margins, although the scale of past rate hikes, sluggish economies, and structural headwinds mean the sector still confronts challenging fundamentals.Find Out More
Eurozone key themes 2024 – A fragile recovery will gain impulse
After a year of stagnating activity, the eurozone economy will continue to struggle to gain traction in the near term given multiple headwinds. But we expect a gradual recovery in 2024 that will gather momentum as consumers regain some of their lost purchasing power and financial conditions ease.Find Out More