The Colliers Index continues to remain at a 5 given prolonged, unfavorable economic conditions, including paltry GDP in Q3, surging inflation data and labor shortages, which persist.
The Colliers Index continues to remain right in the middle at a 5 given prolonged, unfavorable economic conditions, including paltry GDP in Q3, surging inflation data and labor shortages which persist. The 2% quarterly GDP came in well below expectations, completely halting the economic growth from reopening the economy and is anticipated to pull down the overall annual average by year’s end. Meanwhile, surging inflation shows no signs of slowing with recent PPI and CPI data coming in at multiyear highs. Atlanta’s economy appears to be mostly impervious to the national concerns... at the moment. The metro area’s job growth continued in the most recent data and unemployment is at the lowest rate on record.
Current Market Conditions
The October jobs report came in better than last month’s miss with 531,000 jobs added, beating estimates. The majority of these jobs were in the Leisure & Hospitality sector. The data suggests the economy has recovered from the late summer delta variant. Still, accelerating inflation, along with a shrinking labor participation rate are causing great concern for the future economic outlook.
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Real estate development
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