Colombia | BBVA Economic Tracker Consumption

Summary

In order to contribute to the analysis of the Colombian economy and take the pulse of the recovery, a project of high-frequency indicators was structured to measure the behaviour of the economy in real time, called the BBVA Economic Tracker. This first issue contains the section on tracking consumption

Key points

• Key points:
• BBVA's data allows us to monitor the evolution of the key variables of the economy in real time and with a high level of granularity
• Consumption in Colombia was most affected during the month of April but since then it has gradually recovered
• The restaurant, fuel and transport sectors are already showing signs of recovery
• The role of regional governments has been key in the economic reactivation and this is evident in the data per city
• Spending on clothing is beginning to show greater dynamism, especially in cities that began their plans to reopen trade first

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