Automobile Miles Pushed Elevated Sharply year-over-year in March

by Calculated Threat on 5/23/2021 08:09:00 AM This will likely be one thing to observe because the financial system recovers. The Division of Transportation (DOT) reported: Journey on all roads and streets modified by 19.0% (42.0 billion car miles) for March 2021 as in contrast with March 2020. Journey for the month is estimated to


by Calculated Threat on 5/23/2021 08:09:00 AM

This will likely be one thing to observe because the financial system recovers.

The Division of Transportation (DOT) reported:

Journey on all roads and streets modified by 19.0% (42.0 billion car miles) for March 2021 as in contrast with March 2020. Journey for the month is estimated to be 263.0 billion car miles.

The seasonally adjusted car miles traveled for March 2021 is 261.1 billion miles, an 18.5% (40.7 billion car miles) enhance over March 2020. It additionally represents a 6.2% enhance (15.2 billion car miles) in contrast with February 2021.

Cumulative Journey for 2021 modified by -2.1% (-14.9 billion car miles). The cumulative estimate for the yr is 691.5 billion car miles of journey.
emphasis added

Click on on graph for bigger picture.

This graph reveals the month-to-month whole car miles pushed, seasonally adjusted.

Miles pushed declined sharply in March 2020, and actually collapsed in April.  After partially recovering pretty rapidly, miles pushed was principally flat for six+ months – however actually picked up in March 2021.



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