That’s how many days in a row a U.S. economic recovery index from Moody’s Analytics dropped recently, marking the most consistent decline since mid-April.
The so-called Back-To-Normal Index from Moody’s and CNN Business dropped 3.4% between Sept. 6 and Sept. 14, dipping as low as 76.1%. The proprietary gauge, based on 37 national indicators and seven state-level indicators, ranges from 0 to 100%, with 100% reflecting the economy returning to its pre-pandemic level of Feb. 29, 2020.
The index did tick up by 0.1 percentage point on Sept. 16, the last entry point, but had not seen as steep or lengthy a decline since mid-April, when it bottomed out at 59.2%. The index factors in daily, weekly, and monthly data points on a variety of things, including unemployment, the housing market, and restaurant spending.