Vehicle Traffic Rebounds to Pre-pandemic Norms | Jeff DeMaso

Chart of the Week: Americans Are on the Road Again

We monitor a wide range of data to form our outlook on the market and the broader economy—every other week, we’ll spotlight one indicator our analysts have found informative.

Vehicle Miles Travelled vs. 2019. Chart comparing pre-pandemic vs. current miles traveled. Vehicle traffic rebounds to pre-pandemic levels.

Sources: Adviser Investments, Federal Highway Administration.

Director of Research Jeff DeMaso: This chart compares the number of vehicle miles traveled in 2020 and 2021 with miles traveled in 2019, giving us one measure of whether the economy is recovering to pre-pandemic norms. In this case it almost has. We’re seeing similar trends in restaurant seatings and retail spending. While airline passenger miles have not recovered to pre-pandemic levels, 18-wheelers are on the roll and Americans are definitely hitting the road again.

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