Argentina | Real-time consumption monitoring (Aug 21, 2020)

Summary

The card expenditures have shown a markedly contraction for the last three weeks. Some of the non-essential sectors continue to recover, while others, such as Food and beverages are showing slower improvements. We are adding e-commerce platforms consumption, realizing its growing prominence.

Key points

• Key points:
• Card expenditures have contracted during August, falling back to April´s level, when the quarantine was in its strictest phase and was extended to the entire national territory.
• Food and beverages consumption has been growing at a decreasing rate and is now in pre-pandemic levels. On the other hand, sectors like beauty and fashion (among other non-essential activities) continue the recovery phase.
• We add, from now on, the consumption of the e-commerce platform to our total consumption indicator.
• The lockdown has resulted in a change of habits that is leading a significant growth in electronic commerce (above 100%), compared to pre-pandemic situation.

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