What kind of post-containment recovery? What real-time indicators say #2

The past week has been marked by a gradual recovery of activity in the majority of European countries. This can be seen through several indicators: traffic congestion in major European cities (which we add to our database), electricity consumption in Europe and Médiamétrie data. Based on the degree to which con tainment measures have been lifted , France seem s to be the most affected among its European partners, but a slight recovery remains visible (Parisian traffic is slowly recovering, electricity consumption, Médiamétrie). On the other end of the spectrum , Germany is one of the countries showing a significant rebound in the activity indicators we track (mobility index, electricity, traffic). Next week’s data should show us the extent to which constraints on activity will continue, while sanitary concerns will remain important but economic activity returns (very) gradually to normal.