Global | The COVID-19 impact on Consumption in Real Time and High Definition

Summary

This is a weekly publication based on high-frequency and high-resolution aggregated and anonymised transaction data from BBVA to analyse the dynamics in real time of expenditure in the countries where BBVA operates during the ongoing COVID-19 pandemic.

Key points

• Key points:
• The easing of mobility restrictions starts to pay off and some countries start to show the recovery at a different speed
• The gap between e-commerce growth and physical purchases continues, but it has moderated in some countries
• Countries/regions with soft lockdown measures are recovering faster (such as the USA Sunbelt area)
• Turkish “Targeted Lockdown” allows for a relatively rapid recovery
• Spanish Geographical restrictions lift triggers some differences in the recovery

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