Published on Friday, July 9, 2021

Colombia | Bi-weekly update BBVA Tracker: Consumption. 9 Jul, 2021

Consumption in July maintains the good dynamics observed in June and is 14.9% above that recorded in 2019 and 2.1% above that recorded in June. Goods recovered compared to June and are 27.6% above their pre-pandemic level, services are 5% below.

Key points

  • Key points:
  • The first long weekend of the month boosts consumption in the clothing, restaurant, hotel and fuel sectors.
  • In July, airline spending decelerated 20pp vs. June while restaurant spending reached its highest level since Mar-20.
  • Fuel spending returns to positive territory and is 21% above its pre-pandemic level after it fell 16% due to the roadblocks that took place in the country within the national strike.
  • So far in July, spending through online channels has slowed down and spending through physical channels has increased.

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