Abstract

This paper documents daily compound indicators on physical mobility and sales activity in Switzerland during the Corona crisis. We report several insights from these indicators: The Swiss population substantially reduced its activities already before the shops closed and before the authorities introduced containment policies in mid-March 2020. Activity started to gradually recover from the beginning of April onwards, again substantially before the first phase of the shutdown easing started at the end of April. Low physical mobility during the second half of March and during April likely contributed to the quick fall in new COVID-19 infections since mid-March. The sharp drop in economic activity in consumer-related services during March and April and the gradual recovery in these sectors since May correlate strongly with the reduction and subsequent gradual resurgence of mobility. In addition, while activity within Switzerland was back to normal levels by late June, activity of Swiss residents outside of Switzerland was still below normal.

Highlights

  • The Corona pandemic caused a sharp drop in Swiss economic activity in March and April 20201

  • The mobility indicator includes series related to physical mobility, such as the frequency of persons passing at important train stations, the frequency of private transport vehicles counted at important measuring stations and the daily average geographical distance covered by a representative sample of the Swiss population

  • This paper presented compound indicators on physical mobility, sales activity, activity inside Switzerland and international travel activity of Swiss residents, as well as an encompassing activity indicator

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Summary

Introduction

The Corona pandemic caused a sharp drop in Swiss economic activity in March and April 20201. This paper documents daily compound indicators on physical mobility and sales activity in Switzerland during the Corona crisis. We obtained daily compound indicators on physical mobility, on sales activity, on economic activity inside Switzerland and on international travel activity of Swiss residents.

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