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Published on Friday, March 4, 2022 | Updated on Monday, March 7, 2022

Peru | Tracking consumption with real-time data in February 2022

In February, BBVA Research's big data consumer index (spending with cards and cash withdrawals) increased 28.0% compared to the same month in the previous year (11.0% YoY January).

Key points

  • Key points:
  • The spending acceleration was explained by a low base of comparison, as stricter isolation measures were taken in February 2021 due to the second wave of COVID-19 infections that inhibited household spending.
  • With respect to February 2019, prior to the pandemic, it is important to note that household spending slowed slightly, although it remains 18% higher.
  • The preference ratio for the use of cards over cash remains stable. Within card purchases, the use of the online channel maintained a high share (42% in February 2022; 20% in 2019).
  • BBVA Research's consumption indicator suggests that, in the first two months of 2022, private consumption continued to grow (relative to 2021), but at a slower rate than that observed in the fourth quarter of 2021.

Associated documents for downloading

  • Presentation (PDF) Seguimiento-al-consumo-con-datos-en-tiempo-real_Febrero2022_2.pdf Spanish March 7, 2022

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