Colombia | Weekly update BBVA Tracker: Consumption. 28 October, 2020.

Summary

The recovery in consumption slowed down in the third week of October, due to a slowdown in the consumption of goods, but recovered 1.5 pp with respect to the September record. At a regional level, Barranquilla's recovery stands out, after being for several months the city that lagged the most.

Key points

• Key points:
• At the same time that there is greater mobility in the country, fuel and transportation spending improve their performance in October.
• Despite Cyber-week in October, spending on online channels was not higher than it was a year ago.
• During October, credit card spending recovered 8pp while debit card spending deteriorated 2pp from the previous month.
• In October, consumption only drops in Medellín compared to September. For the first time since the beginning of the pandemic, Barranquilla is the city with the best performance.
• In Bogotá, consumption remains stable throughout October. The clothing sector in this city had one of the best recoveries at the regional level.

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