COVID-19 eviscerates people movements

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Roy Morgan has updated its people movements data for the week ended 27 July, which shows that people movements across Sydney’s CBD have fallen as concerns surrounding the spread of COVID-19 have increased:

The number of devices seen in the Sydney CBD during week ending July 27 averaged only 48% of levels during January and February. These levels are also down on movement the first week of July that had returned to 53% of the pre-pandemic level —a high point in movement in the Sydney CBD over the last few months.

There has been a steady stream of new cases of COVID-19 discovered around Sydney over the past month…

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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.