US | Recovery Tracker benefits from a spring break lift
The US Recovery Tracker rose 0.8ppts to 89.1 in the week ended April 2, the sixth straight rise. Another week of broad-based gains across the tracker’s components signals the recovery is pushing through the latest virus uptick.
What you will learn:
Leading this week’s gains were looser financial conditions as stocks hit record highs and interest rates fell.
Regional recoveries lost momentum in early April, with only 21 states recording higher readings.
The daily vaccination rate is now comfortably above 3mn, but rising infections in some parts of the country are an important consideration as public officials deliberate reopenings.