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Five charts on the reopening of the US economy

via:CnBeta     time:2020/6/1 8:01:21     readed:83

As States gradually reopen, the U.S. economy is showing signs of recovery after the worst recession in history. Although there are still many restrictions around the United States, as production activities slowly return to normal, Americans are eating out, increasing travel and buying new houses, and their sense of normal life is growing stronger.

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The charts track five key indicators that show a growing recovery as consumers return to familiar everyday life and move forward from blockades and business closures.

Increase of drivers and walkers, lag of public transportation

Apple maps is often the preferred navigation app for many travelers. However, because of the "home ban" in March and April in most parts of the United States, many Americans dare to go out only when necessary. Data from Apple showed that in the early stages of the flu pandemic, requests for directions on Apple's maps fell sharply as a result of blockages.

As states begin to relax travel restrictions, data show that more people walk and drive. With retailers, beaches, parks and other places reopened, visitors have more places to go in the past few weeks.

However, the requirements for transit instructions are still less than half of their previous level. As employees continue to work from home, travelers are still worried about catching the virus in crowded subway cars, buses and trains, and public transport may not be the ideal choice for many commuters.

Restoring the catering industry

The catering industry has been hit hard by the new coronavirus because most states restrict all kinds of businesses in the catering industry. With the implementation of these regulations, restaurant bookings have plummeted, with Restaurant bookings down 100% in the last weeks of March and most of April compared with the same period last year, according to OpenTable.

However, several states have allowed restaurants to reopen and orders for meals have recently risen in May, suggesting that the worst of the epidemic may have passed for the food service industry.

Hotel occupancy is picking up

The flu pandemic has hit the hotel industry and the wider tourism industry hard because of restrictions imposed both at home and abroad. During the initial phase of the outbreak, Global Hotel Research STR reported that hotel occupancy in the United States was slightly higher than 20 per cent in April, down sharply from 60 per cent in February.

The outbreak also prompted the temporary closure of major hotel chains and resorts. However, occupancy began to rise in April and may as people resumed business and leisure travel and more hotels reopened.

Air travel is picking up but still falling sharply

With airlines calling for government assistance to maintain operations, air tourism has become one of the most obvious economic areas affected by the coronavirus. According to the data of TSA security inspection system, in March and April this year, the number of passengers passing through TSA security inspection points fell nearly 100% year on year, and only slightly recovered in May. However, as travel increased, airlines had to adjust their booking policies to ease customer concerns about the new coronavirus.

companies such as american airlines (American Airlines) and united airlines (United Airlines) remind passengers when they are full and make it easier for passengers to change their flights.

Compared with last year, the number of houses purchased has increased

According to the american association of mortgage bankers (mortgage Bankers Association), the index has reversed since april, although it fell more than 30% from last year. The index is up nearly 10% from the same period last year, suggesting that the housing market may be recovering rapidly.

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