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Peru | Real-time analysis of the impact of COVID-19 on consumption (up to January 25)

Published on Thursday, January 28, 2021

Peru | Real-time analysis of the impact of COVID-19 on consumption (up to January 25)

In January, total card consumption grew 23,7% MoM (22,2% in December 2020). The share of online purchases with cards continues to increase and its dynamism has propped the recovery of spending.

Key points

  • Key points:
  • Since the beginning of January, spending in drugstores accelerated sharply (coinciding with the strong increase in COVID-19 infections). Food expenditures also continued to show strong year-on-year growth.
  • On the other hand, expenditures related to accommodation, tickets and excursions, as well as transport, restaurants, and fashion and beauty showed a decline in recent weeks.
  • The total amount of cash withdrawals was slightly below the previous year's level, while the average amount increased in recent weeks.
  • The new mandatory lockdown measures that will be in place from 31 January 2021 will slow down the recovery of spending in the first quarter of 2021.

Associated documents for downloading

  • Presentation (PDF) Peru-Analisis-en-tiempo-real-del-impacto-del-COVID-19-sobre-el-consumo_28-01-2021.pdf Spanish January 28, 2021

Geographies

  • Geography Tags
  • Peru

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