Impact of COVID in Spain with data on mobility, electricity demand and card expenditure
Published on Tuesday, December 29, 2020 | Updated on Tuesday, December 29, 2020
Impact of COVID in Spain with data on mobility, electricity demand and card expenditure
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BBVA, Iberdrola and Telefónica have joined forces to analyze the consequences of the first wave of COVID-19 - between March and August 2020 - on household spending, electricity consumption and mobility.
Key points
- Key points:
- BBVA, Iberdrola and Telefónica have joined forces to analyze the consequences of the first wave of the COVID-19 by sharing analyses based on daily, anonymized records of card and POS use, company electricity consumption and mobility in Spain.
- The risk of successive outbreaks of the epidemic and the uncertainty caused by this unprecedented situation in Spain requires the use of reliable, high-frequency and granular data to generate timely and detailed diagnoses and thus take action to limit the impact of the epidemic on the economic activity.
- The arrival of the coronavirus in Spain began to undermine, in early March, consumption and, to a greater extent, mobility. Home confinement and restrictions on production affected the behavior of agents and economic activity differently.
- The differential evolution also occurred in the process of reopening by phases. In the first stage, de-escalation generated a much faster reactivation of consumption and mobility. As de-escalation progressed, mobility lagged behind in the recovery more than card purchases on a sustained basis. Moreover, the recovery in consumption and mobility at the provincial level was not homogeneous.
- This study shows that the continuous use of real-time data will make it possible to calibrate future containment scenarios at any time and assist in decision-making, minimizing the social and economic impact of the restrictions adopted to combat the pandemic.
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- Spain
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- Analysis with Big Data