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Economy

Supermarket Slump: European Essential Retail at Lowest Point in Pandemic

Source: https://huq.io/indicators/supermarket-slump-european-essential-retail-at-lowest-point-in-pandemic/

In-person supermarket visits in the EU are at their lowest point since the start of the pandemic, with trips reaching to a new low of just 34% of previous levels as coronavirus cases rise sharply in the region once again.

Footfall to stores had tracked as high as 80% of usual levels at the start of the year before experiencing a sharp decline since February, which saw both France and Poland reintroducing partial lockdowns to fight a third wave.

The data from Europe is in contrast to that with the UK, where levels have been static at around 60pts for the year to date offering early signs that the UK’s successful vaccine roll out could be starting to play into the economy.

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

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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.

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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