US | Recovery Tracker kicks off October on an optimistic note
The US Recovery Tracker slipped to 97.5 in the week ended October 1, down 0.6pts from its post-pandemic high in the previous week. Nonetheless, economic momentum remains buoyant, with four out of the Tracker’s six subcomponents above their pre-pandemic levels.
What you will learn:
- While mobility hit a fresh pandemic high and demand continued to be robust, financial conditions tightened sharply, pulling the headline index lower.
- Regional recoveries ended Q3 on a mixed note with solid gains in the South and a Midwest slump. Florida and Georgia strengthened most among the largest states while California and Texas moved sideways, and New York slid back.
- New Covid cases are currently at their lowest levels in over two months, and vaccinations have picked up to 840k daily doses.
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