Sydney and Melbourne CBD movements half pre-COVID levels

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From Roy Morgan Research:

A special analysis of movement data in Australia’s Capital City CBDs since the COVID-19 pandemic began shows that movement levels in the Sydney and Melbourne CBDs are still stuck below 50% of pre-pandemic levels in the run-up to Christmas.
The average 7-day movement levels in both cities increased rapidly in October and early November after both cities exited long lockdowns, however the recovery in movement levels has stalled in recent weeks with neither city managing to breakthrough 50% of pre-pandemic levels.

In the Melbourne CBD the average 7-day movement level has been rangebound between 43-48% of pre-pandemic levels since mid-November and in the Sydney CBD the average 7-day movement level has been stuck between 40-46% of pre-pandemic levels.

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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.