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Published on Wednesday, September 8, 2021 | Updated on Wednesday, September 8, 2021

Big Data techniques used

Global | The COVID-19 impact on Consumption in Real Time and High Definition: Sept 8th

Summary

Consumption growth rates showed a rebound in August in most countries, especially in services and tourism related sectors. In most countries card spending has gained more pull against cash.

Key points

  • Key points:
  • The rebound was more evident in Turkey and Argentina towards the end of the month
  • Restaurants and hotels show an overall favorable behaviour during Holidays. Entertainment and transport recovers at different speed
  • The gap between e-commerce and physical purchases continues to narrow. Purchases seem to be showing a less volatile behaviour, except in Turkey
  • Cash seems to be losing pull in recent months against card spending, except in Argentina and Peru
  • Services growth rates have surpassed goods.The gap between both has widened since the 2Q-21

Geographies

Topics

Documents and files

Report (PDF)

Weekly_Big_Data_8thSep.pdf

English - September 8, 2021

Authors

SV
Sirenia Vázquez BBVA Research - Principal Economist
JG
Juan Ramón García BBVA Research - Principal Economist
VB
Vanessa Belapatiño BBVA Research - Senior Economist
MC
María Paula Castañeda
BO
Berk Orkun Isa
JM
Juan Manuel Manías BBVA Research - Principal Economist
AO
Alvaro Ortiz BBVA Research - Head of Analysis with Big Data
TR
Tomasa Rodrigo BBVA Research - Lead Economist
PR
Pep Ruiz BBVA Research - Principal Economist
SS
Saide Aránzazu Salazar BBVA Research - Principal Economist
FB
Fernando Bolívar
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