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

Summary

The impact of the third wave was higher than the second one, but still far away from the first one. The recovery is still uneven across sectors and countries. New waves and restrictions narrowed the gap between LATAM countries and the rest.

Key points

• Key points:
• Consumption growth accelerated during February in Turkey and Colombia, while decelerated sharply in Peru given new restrictions.
• Consumption growth rates remain in the positive area at the end of February. The USA gained ground after the storm and Peru is starting to recover from the new lockdown.
• Entertainment expenditure remained less subdued in LATAM, while the opposite happened for transport spending. The gap between e-commerce and physical purchases widened in Peru with the new restrictions.

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