Argentina | Real-time consumption monitoring (Nov 24, 2020)

Summary

General consumption remained flat in the first half of November, with an upturn in spending helped by the recovery in tourism. On the contrary, categories that had been outlining a progressive improvement surprisingly showed a break.

Key points

• Key points:
• In the last measurement, the advance of the expenses in services stands out in contrast to a retraction of the consumption in goods in its YoY changes.
• Part of the mentioned push in services was driven by the categories associated with tourism, enhanced by the official "Pre-viaje" program with the aim of stimulating this industry.
• Categories that had been outlining a sustained improvement (Fuels, Construction, Fashion, Sports and toys) surprisingly showed a break.
• Globally, the evolution of coronavirus infections determines the degree of general mobility and sets the trend in consumption.

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