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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

From: COVID-19 and regional shifts in Swiss retail payments

  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