Continues to look to me to like the increased government deficit from the rate hikes, at the macro level, continues to support output and employment and is not triggering a recession as feared?

Still a very high number- well above pre-Covid levels:

Back to pre-Covid trend line:

A slight decline for the month but still trending higher. No sign of recession here:

The rate of growth of bank real estate lending continues to increase since the rate hikes were initiated: