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Published on Thursday, April 15, 2021

Colombia | Weekly update BBVA Tracker: Consumption. 15 April, 2021

Consumption in April is again below the level registered prior to the pandemic due to new mobility restrictions and a calendar effect due to Easter. Services suffer the largest deterioration in the month, dropping 40% below the level recorded in 2019 and at levels similar to those of Jan-21.

Key points

  • Key points:
  • With the end of Easter Week, hotel spending moderated, returning to levels close to those recorded in January and February.
  • The impact of the mobility restrictions was offset by the increase achieved in the first quarter of the year in the restaurant and fuel sectors.
  • At the same time that mobility restrictions significantly reduce spending on clothing, purchases from online channels are on the rise.
  • As a proxy for mobility, fuel spending fell most sharply in Bogota, Medellin and Barranquilla so far in April.

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