Most indicators continue their improving trend. Alert Level 1, when implemented, will finally show us the ‘new normal’, particularly for many retail segments still affected by restrictions.

Consumer spending is back to pre-Covid levels. But some segments are still 20% below pre-Covid levels.
Businesses are gradually recovering confidence and job ads are rising. Encouragingly, job losses have slowed. Jobseeker benefits rose by 702 people in the last week of May, but up 43,539 since late February. Elevated google searches for unemployment mean we are still carefully watching for another wave of job losses.
Electricity use is slowing. It may indicate some slowing in activity. Because it is affected by weather patterns, we need to be watch the data for a little longer.
Traffic volumes continue to improve. They are largely back to normal in Christchurch, Dunedin, Hamilton and Tauranga. But remain 20% lower in Auckland and 25% lower in Wellington. Part of this is working from home, but that is also easing according to internet data use.
Air travel continues to gradually improve and is now back to 40% of normal.

The full dashboard is here.