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Food Media

Linking restaurant spending and new cases of coronavirus

Melanie Wong | Jun 26, 202006:50 PM     2

• JPMorgan analyzed data from 30 million Chase cardholders and Johns Hopkins University’s case tracker and found that higher restaurant spending in a state predicted a rise in new infections there three weeks later.
• In-person restaurant spending was “particularly predictive.”
• Conversely, higher spending at supermarkets predicted a slower spread of the virus.

This chart shows the link between restaurant spending and new cases of coronavirus

Higher restaurant spending appears to be linked to a faster spread of the coronavirus, according to JPMorgan.

www.cnbc.com
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