Global | The COVID-19 impact on Consumption in Real Time and High Definition
Published on Thursday, June 4, 2020
Global | The COVID-19 impact on Consumption in Real Time and High Definition
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This is a weekly publication based on high-frequency and high-resolution aggregated and anonymised transaction data from BBVA to analyse the dynamics in real time of expenditure in the countries where BBVA operates during the ongoing COVID-19 pandemic.
Key points
- Key points:
- The easing of mobility restrictions is paying off, the USA consolidates positive growth
- The Consumption Diffusion Heat Map continues to show recovery across countries and segments
- The gap between e-commerce and physical purchases keeps narrowing with the lift of restrictions
- The gap between expenditure on services and goods is narrowing in some countries and food consumption is returning to normality
- The Spanish de-escalation progress explains the recovery, provinces in Phase 2 already show great improvement and Big City advances will reinforce the trend next week
Authors
- Vanessa BelapatiñoEconomist
- Filip BlazheskiSenior Economist
- Fernando BolívarEconomist
- Adrian CasillasEconomist
- María Paula CastañedaEconomist
- Juan Ramón GarcíaPrincipal Economist
- Berk Orkun IsaEconomist
- Juan Manuel ManíasPrincipal Economist
- Alvaro OrtizChief Economist
- Tomasa RodrigoLead Economist
- Pep RuizPrincipal Economist
- Saide Aránzazu SalazarPrincipal Economist
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Consumption
- Analysis with Big Data