Peru | Real-time analysis of the impact of COVID-19 on consumption (up to August 31)

Summary

Card consumption slowed down in the second half of August, but its level remains above that recorded in a similar period in 2019. The decline was in line with the return of mandatory confinement measures on Sundays and a normalization of pace of expenditure

Key points

• Key points:
• Spending on supermarkets, pharmacies and entertainment subscriptions, very dynamic during confinement, has tended to moderate in the last two weeks.
• Card spending on home goods and services has slowed, after a strong rebound when the quarantine was lifted in early July.
• Stagnant recovery of expenditure in areas such as transport and fashion and beauty
• In sectors such as tourism and entertainment, spending levels are still lagging behind, because these activities continue to have low operational levels.
• Cash withdrawals remain below the levels observed in the previous year.

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