George Russell in Hong Kong
The US reported optimistic Covid-19 case numbers over the weekend as data showed that since Friday, the number of people admitted to hospital has dropped by nearly 15,000 and no state has reported an increase of 10 percent or more.
“The reported new cases, people hospitalized and new deaths have declined again this week,” noted the Covid Tracking Project in its analysis. “This week there were the fewest new cases since October, and the fewest deaths in 2021.”
U.S. states reported just over 90,000 cases on Saturday, up from 101,000 on Friday, and the seven-day average remains below six figures for the first time since November 2, 2020.
However, analysts said the declines were yet to result in noticeable revenues for offices and factories.
“Declining cases and increasing vaccinations have yet to drive a return to the workplace – office and other workspace traffic has been flat since spring,” said Ryan Preclaw, investment science analyst at Barclays in New York.
A customer wears a face mask while shopping leading up to Valentine’s Day at the Southern California flower market in Los Angeles
The CTP data identified 2,303 deaths on Saturday, up from 2,918 on Friday.
The daily data does not account for at least 2,500 additional deaths in Ohio as part of that state, adjusted for under-reported deaths.
In the US, more than 137,000 people will have died from Covid-19 by 2021, CTP said, while in US hospitals there will be 69,283 people with the virus.
The most recent deaths recorded included an additional 2,500 fatalities in Ohio as part of that state, adjusted for under-reported deaths.
Among the most populous states, California registered 8,842 new cases and 408 deaths in the most recent 24-hour period, while New York identified 8,755 cases and 125 fatalities and Texas 8,045 new infections and 257 deaths.