UK CITIES RECOVERY INDEX

Cardiff

Updated: 25th November

UK CITIES RECOVERY INDEX

Index + DART for Cardiff

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Overview

The Recovery Index for Cardiff took longer to begin its recovery than the National Index but then recovered faster than the UK. With the introduction of the firebreak lockdown restrictions on 23rd October it fell noticeably below the National index then flat lined. When the firebreak ended on 9th November it then increased to overtake the national figure and now stands at 83.

UK CITIES RECOVERY INDEX

Sector Indices + DART for Cardiff

Cardiff Sector Indices

Commercial Activity

  • The Commercial Activity Sector Index for Cardiff was tracking the National sector index very closely until the end of August where it began to outpace it. It now stands at 96.2 as of 23rd November.

Hotel & Leisure

  • The Hotel & Leisure Sector Index for Cardiff has decreased significantly from its 31st August peak of 92.9 to 48 on 23rd November. This reflects a severe decline in restaurant activity, as well as a decrease in hotel and cinema revenue.

Mobility

  • The Mobility Sector Index for Cardiff fell from 67.6 at the beginning of the lockdown restrictions on the 23 October to 44.7 on 30th October. Since then, it has increased drastically to now stand at 77.5.

Residential

  • The Residential Sector Index for Cardiff now stands at 135.4 as of 23rd November, following yet another recent spike. The growth seen since the middle of September has been due to increases in the number of sales as well as the number of properties listed.

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.
  • While levels picked up over the days running up to the Welsh firebreak that began on the 23rd October they then had a steep fall once these restrictions began. With these firebreak rules having been lifted however, footfall has increased by 252% since 9th November.
  • Trips for retail and recreation and trips for essentials have followed a similar pattern in the last four weeks. Subsequently, the Retail Sector Index for Cardiff has had a very similar pattern over this period and now stands at 87.7.

Return To Office

  • The Return To Office Sector Index for Cardiff has lagged behind the national equivalent since the beginning of April. It fell for a week following the beginning of the firebreak on 23rd October but has since increased and now stands at 58.3.

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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