Watcom shopping index remains stable, but still down by a quarter on last year

Watcom shopping index remains stable, but still down by a quarter on last year
The Watcom shopping index remained stable in March, but is still down by a quarter from a year ago just before the effects of the pandemic hit. / bne IntelliNews
By bne IntelliNews March 28, 2021

The Watcom Shopping index remained stable in March but remains down by a quarter on the same month a year earlier.

The index posted a figure of 402 in the ninth week of year, down from 492 in the same week a year earlier – then the index’s highest value in two years – before the coronavirus (COVID-19) pandemic caused a nationwide lockdown and caused foot traffic to crash.

However, as March wore on into weeks 10 and 11 the index fell to 365 and 372 respectively as third wave fears spooked consumers. The results in April will dramatically change, as in April 2020 when the lockdowns were imposed, sending the index plummeting to an all-time low of 275 in week 13 from 411 the week before.

 

Related Content

Will the Baku-Supsa pipeline become Azerbaijan's second oil export artery?

UBN: The US Needs to Wake Up

Russia cracks down on foreign hosting providers

Read in IntelliNews Pro
Get IntelliNews Pro

Related Content

Will the Baku-Supsa pipeline become Azerbaijan's second oil export artery?

UBN: The US Needs to Wake Up

Russia cracks down on foreign hosting providers

Data

Ford drives hike in car production in Romania

Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.

Akbank launches spring syndicated loan renewals season for Turkish banks at better costs

Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.

Ukraine's birth rate plummets to 300-year low as country’s population collapses

Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.

Russia’s $13.4bn current account surplus in March second highest since 2007

Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.

Automotive sector output in Hungary edges up 1.6% y/y in February

Headline industrial output rose 1.8% in February, increasing for the first month in about a year.

Ford drives hike in car production in Romania
1 day ago
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
2 days ago
Ukraine's birth rate plummets to 300-year low as country’s population collapses
2 days ago
Russia’s $13.4bn current account surplus in March second highest since 2007
2 days ago
Automotive sector output in Hungary edges up 1.6% y/y in February
3 days ago

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    5 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    5 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    7 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss