Five High Frequency Indicators for the Economy

These indicators are mostly for travel and entertainment.    It is interesting to watch these sectors recover as the pandemic subsides.  Notes: I’ve added back gasoline supplied to see if there is an impact from higher gasoline prices. Apple has discontinued “Apple mobility”, and restaurant traffic is mostly back to normal.

—– Airlines: Transportation Security Administration —–

The TSA is providing daily travel numbers.

This data is as of July 31st.

TSA Traveler Data Click on graph for larger image.

This data shows the 7-day average of daily total traveler throughput from the TSA for 2019 (Light Blue), 2020 (Black), 2021 (Blue) and 2022 (Red).

The dashed line is the percent of 2019 for the seven-day average.

The 7-day average is down 11.1% from the same day in 2019 (88.9% of 2019).  (Dashed line) 

Air travel – as a percent of 2019 – has been moving sideways over the last several months, off about 10% from 2019 – with some ups and downs, usually related to the timing of holidays.

—– Movie Tickets: Box Office Mojo —–

Move Box OfficeThis data shows domestic box office for each week and the median for the years 2016 through 2019 (dashed light blue).  
Black is 2020, Blue is 2021 and Red is 2022.  
The data is from BoxOfficeMojo through July 28th.

Note that the data is usually noisy week-to-week and depends on when blockbusters are released.  

Movie ticket sales were at $194 million last week, down about 29% from the median for the week.

—– Hotel Occupancy: STR —–

Hotel Occupancy RateThis graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.

The red line is for 2022, black is 2020, blue is the median, and dashed light blue is for 2021. Dashed purple is 2019 (STR is comparing to a strong year for hotels).

This data is through July 23rd. The occupancy rate was down 6.0% compared to the same week in 2019.

The 4-week average of the occupancy rate is close to the median rate for the previous 20 years (Blue).

Notes: Y-axis doesn’t start at zero to better show the seasonal change.

—– Gasoline Supplied: Energy Information Administration —–

gasoline Consumption
This graph, based on weekly data from the U.S. Energy Information Administration (EIA), shows gasoline supplied compared to the same week of 2019.
Blue is for 2020.  Purple is for 2021, and Red is for 2022.

As of July 22nd, gasoline supplied was down 4.4% compared to the same week in 2019.

Recently gasoline supplied has been running somewhat below 2019 levels.

—– New York City Subway Usage —–

Here is some interesting data on New York subway usage (HT BR).

New York City Subway UsageThis graph is from Todd W Schneider

This graph shows weekly turnstile entries since 2015.

Currently traffic is less than half of normal.

This data is through Friday, July 29th.

He notes: “Data updates weekly from the MTA’s public turnstile data, usually on Saturday mornings”.

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