Global | The COVID-19 impact on Consumption in Real Time and High Definition: 23 July

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:
• There are positive growth rates in the USA and in Europe, where Turkey is accelerating noticeably. Latam countries are catching up
• The Consumption Diffusion Heat Map shows the recovery by sectors seems clearer in Spain and Turkey
• Expenditure in hotels stabilised this week in most of the countries, but it increased in Turkey (driven by locals) reaching positive growth rates. As for transport consumption, it kept recovering
• While the use of cash increased more than card payments in the case of Turkey and Argentina, the opposite happened in Spain and Peru
• In Spain, whereas national expenditure kept recovering, the slump in foreign consumption is still high in touristic areas and big cities. Turkish recovery is ongoing in both consumption and investment

Geographies

Topics

Tags