US | Recovery Tracker rises with summer around the corner
The US Recovery Tracker posted its strongest gain in seven weeks, rising 1.2ppts to 93.3 in the week ended May 21. Five of the tracker’s six dimensions rose as Americans spent more on leisure and travel while businesses ramped up production and hiring.
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- Mobility reached a 14-month high amid rising vaccinations and with reduced virus fear making consumers more comfortable to travel and commute.
- Hotel stays and restaurant outings reached their highest level since the pandemic’s onset. With 53% of the adult population fully vaccinated, the US looks well positioned to reach herd immunity in the summer, providing further impetus to a summer boom in activity.
- Our State Recovery Trackers signal some improvement in regional conditions through May’s third week, with 24 states registering higher readings. Among the largest states, California, New Jersey, New York, and Pennsylvania notched the biggest gains.
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