2021-09-29-牛津经济研究院-US_Recovery_Tracker_shakes_off_Labor_Day_lull_3页_425kb

Summary: US Economic Recovery Tracker Update

The US Recovery Tracker increased by 0.3 percentage points to 96.1 in the week ending September 17, 2021, but remained below its early summer peak, constrained by health and supply issues.

Employment and mobility were stronger drivers of this advance, but health conditions worsened due to stubbornly high positive test rates, while daily COVID cases decreased about 25% from early September.

Demand softened slightly as consumer spending declined at restaurants but increased at hotels. Production rose modestly, and financial conditions loosened.

Regionally, recoveries slowed, with the South experiencing the steepest drop led by states like Alabama and Mississippi, while California, New York, and Texas maintained relative stability.

The report concludes with cautious optimism, noting slowing COVID case growth and steady vaccination rates, but emphasizing ongoing vaccination efforts are crucial.