Four High Frequency Indicators for the Economy
by Calculated Risk on 4/18/2022 09:17:00 AM
These indicators are mostly for travel and entertainment. It is interesting to watch these sectors recover as the pandemic subsides. Note: Apple has discontinued “Apple mobility”, and restaurant traffic is mostly back to normal.
The TSA is providing daily travel numbers.
This data is as of April 16th.
This data shows the 7-day average of daily total traveler throughput from the TSA since 2019 (Blue).
The red line is the percent of 2019 for the seven-day average.
The 7-day average is down 9.5% from the same day in 2019 (90.5% of 2019). (Red line)
This data shows domestic box office for each week and the median for the years 2016 through 2019 (dashed light blue).
Note that the data is usually noisy week-to-week and depends on when blockbusters are released.
Movie ticket sales were at $154 million last week, down about 15% from the median for the week.
This graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.
The red line is for 2022, black is 2020, blue is the median, and dashed light blue is for 2021.
This data is through April 9th. The occupancy rate was down 4.7% compared to the same week in 2019.
Notes: Y-axis doesn’t start at zero to better show the seasonal change.
Here is some interesting data on New York subway usage (HT BR).
This graph is from Todd W Schneider.
This data is through Friday, April 15th.
He notes: “Data updates weekly from the MTA’s public turnstile data, usually on Saturday mornings”.