Sydney CBD movements fail to launch after lockdown lifted


New Roy Morgan data on people movements shows that Sydney’s CBD traffic has only lifted to 27% of pre-pandemic levels despite reopening weeks ago:

A special analysis of movement data in Australia’s Capital City CBDs since the COVID-19 pandemic began shows movement in the Sydney CBD increased to 27% of pre-pandemic levels in the first week after Greater Sydney’s 107-day lockdown ended.

The average 7-day movement level in the Sydney CBD hit a low of 8% of pre-pandemic levels in late July and had increased to 17% before the lockdown ended on Monday October 11. In the first week of re-opening average movement levels increased by 10% points to 27% – the highest level for over four months.

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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.