Global | The COVID-19 impact on Consumption in Real Time and High Definition: Feb 5th

Summary

The impact of this second wave on consumption is quite different from the first one, on monthly basis, consumption growth accelerated during January, except in Spain and Colombia.

Key points

• Key points:
• Consumption growth rates kept on the positive area in January, but not in Spain and Colombia.
• The recovery continued to be uneven across sectors and countries. While entertainment expenditure recovered faster in developed countries, transport spending did it in the LATAM countries.
• Technology matters: the gap between e-commerce and physical purchases kept in most of the countries. The difference between ATM withdrawals and card spending remained in Peru, but reduced in Spain during January.

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