Chinese activity lifts a little

Thursday, 27 February 2020

First the Tom Tom stats for the big five:

It must remembered that traffic congestion is not a linear indicator. You can take out 20% of cars and cure 100% of traffic. So this rebound is probably a little better than it looks. That said, car numbers are likely to be up given who would get on public transport right now?

Wider indicators from Capital Economics are still not very encouraging:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.