Searcher

Published on Wednesday, November 25, 2020

Colombia | Weekly update BBVA Tracker: Consumption. 19 November, 2020.

The third and last day without VAT of the year had a very positive balance for the sectors that benefited from this exemption. Consumption during this day was 50% higher than that registered for the two previous days. The clothing and household appliance sectors were some of the big winners.

Key points

  • Key points:
  • During November, consumption grew 13.7%, driven by the consumption of exempt goods on the day without VAT.
  • The clothing sector was one of the winners of the 3rd day without VAT with sales more than double that observed in the first two.
  • Sporting articles and books had growth above 100% on the third day without VAT compared to the second day.
  • Credit card spending on the day without VAT was accelerated by 7pp more than debit card spending.
  • Barranquilla and Pereira registered annual growth of over 10% in the month. Medellín, although in positive, is the city that lags behind.

Documents to download

Geographies

New comment

Be the first to add a comment.

Load more

You may also be interested in