Global | The COVID-19 impact on Consumption in Real Time and High Definition

Summary

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

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