Melbourne CBD movements plunge to 17% of pre-COVID level

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New analysis by Roy Morgan Research shows that people movements across Melbourne’s CBD has collapsed amid stage 4 restrictions:

A special analysis of movement data in the Melbourne CBD during the first week of the Stage 4 lockdown shows movement plummeting to a record low of only 17%…

This movement data was drawn from the day the Stage 4 lockdown for Melbourne was announced running through to the following weekend. A day-by-day analysis shows movement decreased on each subsequent day and had dropped to only 13% of pre-COVID-19 levels by Saturday August 8…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.