Published on Friday, November 4, 2022

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

BBVA Research's big data consumption index (inflation-adjusted spending with cards and cash withdrawals) accelerated in October to 7.5% (6.9%: September).

Key points

  • Key points:
  • In October, card purchases grew by 22% YoY, increasing their share of total spending (41% compared to 39% in September). Within card purchases, the online channel registered high growth again (40% YoY) and consolidated a higher share (45%; 20% in 2019).
  • The acceleration of BBVA Research’s Big Data Consumption Index for Peru at the beginning of the fourth quarter of the year coincides with the slight recovery of consumer confidence indicators.
  • Compared to the previous year, the share of spending on entertainment, transport, and restaurants increased, while that of household goods and services, and health care decreased.

Documents to download



New comment

Be the first to add a comment.

Load more

You may also be interested in