The Colliers Index remains at a 6 for the month of August following yet another upbeat jobs report.
The Colliers Index remains at a 6 for the month of August following yet another upbeat jobs report; however, continued inflation pressures, along with a surge in COVID-19 infections weigh on sentiment. Additionally, in spite of recovering fully from the pandemic, GDP for the second quarter came in well below expectations signifying the economy still has room to grow. Atlanta meanwhile continues to see positive momentum having now recovered 80% of the jobs lost to the pandemic.
Consumer and business confidence have dropped below the lowest point of the pandemic in April 2020. Sentiment is mostly being affected by the increase in Covid cases; however, inflation and labor availability are beginning to have a significant impact. Still, there is optimism in confidence levels quickly and easily reversing course should these situations stabilize.
Download the full report to learn about the economic data contributing to the Atlanta economic outlook for August including:
Real estate development
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