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Activity is not back to normal in any of the countries we track. The reading for China briefly returned to pre-pandemic levels during its celebrations for the lunar new year in February—owing in part to record-breaking box-office receipts—but the country now has a middling rank. Hong Kong and New Zealand—two places that have implemented effective measures against the coronavirus and suffered relatively few deaths—are currently at the top of our table. Malaysia, which is suffering from a deadly wave of infections caused by the more transmissible Delta variant, sits at the bottom.

The two tables below show the change in the index over the past two weeks. India's score has increased the most, but from a very low level. South Africa has fallen the most after it announced new restrictions to quell a surge in infections.