Table 1 Correlations of excess domestic card-present retail payments with selected indicators across the pre-lockdown, lockdown, and post-lockdown periods. Source: Own calculations, Worldline/SPS, SIX BBS AG, SFSO
January/February weeks | Lockdown weeks | April/May weeks | ||||
|---|---|---|---|---|---|---|
Correlation | p value | Correlation | p value | Correlation | p value | |
All 26 cantons | ||||||
Lockdown index retail sector | − 0.38 | 0 | − 0.49 | 0 | − 0.33 | 0 |
New COVID-19 cases per 100,000 inhabitants | NA | NA | − 0.50 | 0 | − 0.20 | 0.02 |
Home office index, unadj. | − 0.45 | 0 | − 0.51 | 0 | − 0.74 | 0 |
Cross-border shopping index, frequency | − 0.09 | 0.29 | − 0.25 | 0 | − 0.20 | 0.02 |
Cash usage, change over period | NA | NA | − 0.65 | 0 | − 0.28 | 0.01 |
Excluding eight cantons with high COVID-19 infection rates | ||||||
Lockdown index retail sector | − 0.53 | 0 | − 0.51 | 0 | − 0.43 | 0 |
New COVID-19 cases per 100,000 inhabitants | NA | NA | 0.02 | 0.86 | 0.07 | 0.53 |
Home office index, unadj. | − 0.62 | 0 | − 0.44 | 0 | − 0.72 | 0 |
Cross-border shopping index, frequency | − 0.31 | 0 | 0.11 | 0.31 | 0.33 | 0 |
Cash usage, change over period | NA | NA | − 0.57 | 0 | − 0.46 | 0 |