Peru | Real-time analysis of the impact of COVID-19 on consumption (up to February 22)

Summary

In February, total card consumption fell 4,3% YoY (26,9% in January 2021). There was a strong increase in the share of on-line card purchases, consistent with the new reimposition of lockdowns.

Key points

• Key points:
• In February, spending in drugstores, food and household goods and services moderated its dynamism, following a strong expansion in the days prior to the start of the new confinement.
• Card purchases in items related to hospitality and tourism show steeper declines in recent weeks.
• In February we observe a sharp drop in spending on services such as transportation, restaurants, entertainment, and fashion and beauty.
• The new mandatory lockdown measures will slow down the recovery of spending in the first quarter of 2021.

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