US | Recovery Tracker slows to a crawl

The US Recovery Tracker slowed to a crawl in the week ended Sept. 11. Despite relatively encouraging news on the health front, the deterioration in demand and mobility post-Labor Day and ongoing softness in production are concerning.

What you will learn:

  • Sub-national conditions deteriorated broadly, with the US State Recovery Trackers of 43 states falling in the second week of September. An improvement in the health situation couldn’t offset declines in mobility, activity, and employment. 
  • While the rebound in economic activity over the past few months has been rather strong, the recovery is incomplete, and the economy remains in a deep hole.

Topics: United States, Consumer spending, Coronavirus, Recovery Tracker, US economy, Macro Highlights, Heavy Industry, Market Highlights, North America

Recovery Tracker slows to a crawl - iPad