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Economy

European Non-Essential Retail Footfall in Decline as Pandemic Third Wave Looms

Source: https://huq.io/indicators/european-non-essential-retail-footfall-in-decline-as-pandemic-third-wave-looms/

Footfall across Europe’s clothing, hospitality and leisure industries has fallen by almost a third so far in February amid a broader consumer sector decline as the continent faces a new wave of the virus.

All in-store activity indices are pushing lower as reports of tightening restrictions and slow vaccine roll-out appear to be hitting consumer confidence and mobility according to data from Huq Industries.

This news comes as Reuters reports that Finland, Sweden, the Czech Republic and France have all planned new lockdowns in light of variants increasing Covid-19 infections rates.

It also reported that European Union leaders have meet to accelerate the production and rollout of vaccines; they are also advocating a vaccine passport scheme in order to promote the southern states and their tourism industries.

To learn more about the data behind this article and what Huq has to offer, visit https://huq.io/.

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LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us