Global | The COVID-19 impact on Consumption in Real Time and High Definition

Summary

This is a weekly publication based on high-frequency and high-resolution aggregated and anonymised transaction data from BBVA to analyse the dynamics in real time of expenditure in the countries where BBVA operates during the ongoing COVID-19 pandemic.

Key points

• Key points:
• The easing of mobility restrictions starts to pay off, with only Latam lagging behind
• The Consumption Diffusion Heat Map shows the recovery across countries and segments
• The gap between e-commerce growth and physical purchases remains, but it is narrowing given the restriction lifting
• Spanish lifting by phases is reflected in consumption growth. Next week’s data will show the positive effect on Madrid-Barcelona
• Spanish restrictions lift triggers some differences in the recovery not just by regions, but by sectors too

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