Global | The COVID-19 impact on Consumption in Real Time and High Definition: Sept. 20

Summary

Recovering trends kept in most of the countries during September. The recovery is uneven across sectors and countries, consumption dynamics improved in Turkey, Mexico and Peru. The gap between e-commerce growth and physical purchases remained. Restaurants and entertainment expenditure continues stagnant in Latam countries.

Key points

• Key points:
• Growth rates trends diverged during September. October started with a better performance.
• Restaurants and entertainment expenditure continues stagnant in Latam countries. Food expenditure continued outperforming in Spain and Mexico.
• Spain: Card spending increased 3.5% yoy in September driven by the sustained growth of purchases with Spanish cards.
• Turkey: No signs of sharp reversal some moderation after calendar boost on Investment but and still robust consumption.
• Colombia: Better performance in Bogota and Cartagena in the last week.

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