Weekly economic indicators: Spike in retail footfalls, net use tones down

Some moderation in gains even as unlock continues

The steady improvement in people visiting retail and recreational outlets seems to have slowed down.  Traffic congestion, pollution and internet data also show a moderation in the pace at which economic activity is picking up as the country comes out of a lockdown which has been on since the end of March.

The lockdown imposed to stop the spread of Covid-19 caused many economic indicators to plummet. This cannot immediately be tracked in a lot of key data points such as gross domestic product and trade data, since they often only quarterly or monthly. Analysts in China and other afflicted