Colombia | Weekly update BBVA Tracker: Consumption. 11 March, 2021.

Summary

Consumption during March has lost traction and slowed compared to February, but is still above pre-pandemic levels. The services group continues to recover slowly but has not yet reached pre-pandemic levels.

Key points

• Key points:
• Fuel spending is already above pre-pandemic levels. Restaurant spending continues to accelerate since February.
• Spending on airlines continues its upward trend but does not reach the levels it had in December. Entertainment is up more but at a slower pace.
• Clothing spending in March recovers the level recorded a year ago. Online purchases continue to outperform physical purchases.
• Fuel spending accelerated in all cities except Cartagena, where it is at levels similar to those recorded in September 2020.

Geographies

Topics

Tags