Recovery tracker: Power generation lower than during May 2020 lockdown

Key indicators suggest lower economic activity than has been seen since the 2020 national lockdown.

This week power generation fell below the last year level indicating continued deceleration in economic activity from the lock­down. From the peak power generation in April this year before the lockdown, when daily average was around 4200 million units, power generation is now down by around 23 per cent, not very different from the dip immediately after the national lockdown announced in March 2020 (see chart 1).

Fewer people are going to work. Workplace visits are down to the lowest in around