US Recovery Tracker maintains momentum in early February

Our US Recovery Tracker recorded its fourth rise in five weeks, climbing 2.2ppts to 80.5 in the first week of February. Five of the six subcomponents went up, with improving health conditions supporting employment, demand, and mobility, while looser financial conditions further bolstered the recovery.

What you will learn:

  • Regional recoveries mostly strengthened, with 29 states’ trackers signaling improving conditions. Health conditions gained for a third straight week, and employment grew.
  • While activity and mobility fell, we believe this is partially attributable to cold temperatures and winter storms. The large states had a mixed week, with Texas facing devastating winter conditions.
  • US households appeared quite febrile at the end of 2020 as the cocktail of a worsening health situation, weakening employment, and expiring fiscal aid weighed on private sector confidence and restrained mobility.

Topics: United States, Coronavirus, Recovery Tracker, Recovery

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