Peru | Tracking consumption with real-time data in February 2023

Summary

In February, BBVA Research's big data consumption index for Peru (inflation-adjusted spending with cards and cash withdrawals) stagnated. In general, spending on most consumption items slowed down, particularly those linked to tourism (excursions and air tickets).

Key points

• Key points:
• Card purchases reached a participation of 43% (around half were made via the online channel).
• By categories, expenses in Food (inside and outside the home) and in Entertainment slowed down their YoY rate; expenses in Department Stores, Beauty Salons and those related to Transportation contracted YoY in February; expenses in Health and in Goods and Services for the Home continue fall YoY, and Excursions and Air Tickets expenditures reduced their rate of expansion, while Accommodation maintained its contraction.
• In the first two months of 2023, the BBVA Research Big Data Consumer Index for Peru showed lower YoY growth, compared to the previous quarter.

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