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Update on Four High Frequency Indicators


I stopped the weekly updates of high frequency indicators at the end of 2022. 

Here is a late July look at four indicators:

—– Airlines: Transportation Security Administration —–

The TSA is providing daily travel numbers.

This data is as of July 23rd.

Click on graph for larger image.

This data shows the 7-day average of daily total traveler throughput from the TSA for 2019 (Light Blue), 2020 (Black), 2021 (Blue), 2022 (Orange) and 2023 (Red).

The dashed line is the percent of 2019 for the seven-day average.

The 7-day average is above the level for the same week in 2019 (101.4% of 2019).  (Dashed line) 

Air travel – as a percent of 2019 – is tracking pre-pandemic levels.

—– Movie Tickets: Box Office Mojo —–

This data shows domestic box office for each week and the median for the years 2016 through 2019 (dashed light blue).  

Black is 2020, Blue is 2021 and Red is 2022.  
The data is from BoxOfficeMojo through July 20th.

Note that the data is usually noisy week-to-week and depends on when blockbusters are released.  This is prior to Barbie and Oppenheimer.  

Movie ticket sales (dollars) have been running below the pre-pandemic levels.

—– Hotel Occupancy: STR —–

This graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.

The red line is for 2023, black is 2020, blue is the median, and dashed light blue is for 2022.  Dashed purple is for 2018, the record year for hotel occupancy.

This data is through July 15th. The occupancy rate was up 0.1% compared to the same week in 2022. 

The 4-week average of the occupancy rate is at the median rate for the period 2000 through 2022 (Blue).

Notes: Y-axis doesn’t start at zero to better show the seasonal change.

—– Gasoline Supplied: Energy Information Administration —–

This graph, based on weekly data from the U.S. Energy Information Administration (EIA) shows gasoline supplied compared to the same week of 2019.

Blue is for 2020.  Purple is for 2021, and Orange is for 2022, and Red is for 2023.

Gasoline supplied in 2023 is running about 4% below 2019 levels.

Housing July 24th Weekly Update: Inventory increased 1.9% Week-over-week; Down 8.8% Year-over-year

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