Colombia | Bi-weekly update BBVA Tracker: Consumption. 5 Aug, 2021

Summary

Consumption in July was 17.6% above that recorded in the same period in 2019, the highest record since the beginning of the pandemic. While goods had a good dynamic, especially those related to health and food, it was services that drove consumption in the month.

Key points

• Key points:
• Drugstore spending slowed at the end of July, registering the lowest level in the last 3 months as did new Covid-19 cases.
• Apparel spending in July was again above its pre-pandemic level at 3.5% higher, only Nov-20 was higher due to the VAT-free day.
• Spending in restaurants continued with good dynamics at the end of July and closed the month 19.4% above that recorded in the same month of 2019, its highest level since the beginning of the pandemic.
• Airline spending in July showed a slowdown and was 33.1% below that recorded in the same month in 2019.

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