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
Topics
- Topic Tags
- Consumption
Documents and files
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