UK CITIES RECOVERY INDEX

Cardiff

Updated: 16th February

UK CITIES RECOVERY INDEX

Index + DART for Cardiff

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Overview

The Recovery Index for Cardiff has largely remained below the National figure throughout the course of the pandemic aside from in November 2020 when the Welsh ‘firebreak’ lockdown was released, causing a brief acceleration in the Cardiff Recovery Index just as English restrictions came into effect.

Following the considerable increases observed subsequent to the 12th April and 17th May restriction relaxations, the pace of recovery has slowed. The Index remained relatively flat over the summer and has slightly decreased to read 83.37 on 7TH February.

UK CITIES RECOVERY INDEX

Sector Indices + DART for Cardiff

Cardiff Sector Indices

Commercial Activity

  • The Commercial Activity Sector Index for Cardiff slightly decreased after staggered growth throughout June, July and August. This figure now reads 93.30, which is still above the national average.

Hotel & Leisure

  • Having fallen to 83.9 in August, the Hotel & Leisure Sector Index for Cardiff has since continued to decline to read 77.52 on 7th February. The decrease since last month, is likely due to a combination Covid-19 Omicron variant and the corresponding international travel restrictions for the UK. As well as the restrictions the Welsh government put into place on boxing day.

Mobility

  • The recovery index for Mobility has decreased to 101.31 on February 7th after reaching a new peak of 141.87 on 1st October. Following steady growth throughout the summer, this figure has rapidly decreased since the 96.0 recorded on 31st August. Due to employees being encouraged to continue to work from home as the rise in Omnicron cases continued to climb throughout the holiday season.

Residential

  • The Residential Sector Index for Cardiff has slowed from its turbulent growth observed in the first months of 2021 as it recovered from the downturn caused by the third national restrictions.
  • In the past 4 weeks, the Sector Index has increased 2.1% from 94.06 in January to 96.06 on February 7th.

Retail

  • Footfall numbers in Cardiff had been slower to recover relative to other UK cities due to the prolonged restrictions on movement and activity in Wales. Whilst footfall levels did recover somewhat during the summer months, similar to other cities in the UK, they were on a downward trajectory from early September to the beginning of October.
  • Although footfall and the rest of the Retail Sector Index gained significant upward momentum following the relaxations of restrictions in April and May, the Sector Index then entered a slow decline over the course of the summer. The retail sector saw a decrease in February to 81.42 as is the norm once the holiday rush has finished.

Return To Office

  • The Return to Office Sector Index for Cardiff now stands at 56.16, representing a 19% increase.

UK CITIES RECOVERY INDEX

National Sector Indices + DART for Cardiff

A VIEW FROM CARDIFF

Peter Constantine

Managing Director

“Cardiff, the youngest capital city in Europe, has been transformed from its post-war industrial past to a vibrant modern city with an economy centred around its administrative role and a very strong academic centre boasting three universities. The thriving hospitality sector is centred around the Cardiff Bay waterfront development and the city centre, dominated by the Principality Stadium, which provides for many, the best rugby stadium in the world, generating huge economic benefits for the city.

These are challenging times and the city needs to ensure it maintains the quality of life which has attracted many businesses and people to relocate here and continues to deliver sustainable development opportunities that will enable the city to evolve and grow. The South Wales Metro will be a key strategic development which should unlock the potential of the City and the wider region.”

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