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- In our latest release, we find the following insights:
– While most of the world’s traffic levels remain similar to last week, congestion rates in China visibly continue to increase. Singapore, on the other hand, dropped sharply and during the weekend traffic almost froze, having 0% congestion rates (see first chart).
– US numbers in both Traffic and Mobility still remain among the lowest in the world, with congestion rates roughly between 10 and 20%. But overall they were slightly higher compared to a week earlier and we are closely monitoring whether this increase will continue.
– In China, Wuhan’s traffic has stabilized at roughly 55% of 2019 activity. Chongqing and Shenzhen traffic levels mark another week of being above last year’s averages. Beijing is back to normal and Shanghai is in the final phase of catching up.
– London’s traffic saw a small but sustained increase since the previous week, with congestion rates now stabilizing at roughly 25% compared to last year. But the Mobility of the population still remains low with values no larger than 9% compared to normal.
– Italy, France and Spain remained around their record lows both in terms of Traffic and Mobility. Traffic is usually between 10 and 20% of last year’s values, while Mobility stays around 5% compared to normal.
– German traffic (Berlin and Frankfurt) is increasing in a sustained manner, with the last workweek at around 55% compared to 2019, and last weekend at a surprising 77% versus a year ago. Mobility of the population remained constant, at values between 10 and 20% compared to normal. On the other hand, Stockholm’s figures show us a steady pace in Mobility at roughly 25% compared to normal and weekday congestion of over 60% compared to last year’s values.
– Singapore dropped last week in both Traffic and Mobility rates. While on weekdays it had congestion values lower than Italy, France and Spain (< 10% vs same days of 2019), this weekend its traffic essentially froze. Hong Kong, on the other hand remains with high values for both indicators, at roughly 45%. Tokyo’s high Traffic rates see a slight decrease to roughly 50% while its Mobility still remains visibly low at under 10%. Taipei maintains one of the highest traffic activities in the world at values close to 70%, second only to the Chinese cities, while Seoul has one of the highest Mobility rates in the world at values close of 40% of normal, comparable only to Hong Kong and Stockholm.
- Let us know if you would like us to add any more cities
Source: TomTom, Macro Hive
United States
New York
Chicago
Los Angeles
San Francisco
China
Wuhan
Shanghai
Beijing
Chongqing
Shenzhen
UK
London
Birmingham
Italy
Milan
Rome
Spain
Madrid
Barcelona
France
Paris
Lyon
Sweden
Germany
Berlin
Frankfurt
Australia
Sydney
Japan
Tokyo
Hong Kong
Singapore
Taiwan
Taipei
South Korea
Seoul
Bilal Hafeez is the CEO and Editor of Macro Hive. He spent over twenty years doing research at big banks – JPMorgan, Deutsche Bank, and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets research.
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)