Peru | Real-time analysis of the impact of COVID-19 on consumption (up to May 24)

Summary

In May, total card consumption grew 51% in real terms, compared to the same month of 2019. In addition, the share of the on-line channel in total purchases was 41%, while spending on food, health and household goods and services continues to show a strong expansion.

Key points

• Key points:
• Card purchases of items related to hospitality and tourism (tickets and excursions) approached pre-pandemic levels at the end of May.
• Spending related to transportation, restaurants and fashion increased, while spending on services such as entertainment, bars, and beauty salons continued to partially recover.
• In May, the total amount of cash withdrawals remained below pre-pandemic levels.
• BBVA Research's consumption indicator shows that in the second quarter of 2021 consumption continued to improve.

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