Colombia | Weekly update BBVA Tracker: Consumption. 11 November, 2020.

In the first days of November, consumption maintains an upward trend driven by the consumption of basic goods, mainly health and food. The behavior among cities is again mixed as a result of differentiated measures adopted based on the increase of new cases in some regions.

Key points

• Key points:
• Hotel spending slows down in November while airline spending gets a boost in the last week of almost 10pp.
• Credit card spending rebounded to slightly below the level seen a year ago.
• Cartagena and Pereira show an important upturn in consumption in the first week of November. Bogota and Medellin are the cities that lag behind.
• In Medellín, the high number of new cases of Covid-19 would be having significant negative impacts on consumption.

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