Global | The COVID-19 impact on Consumption in Real Time and High Definition

Summary

The recovery is uneven across sectors and countries. Positive growth in USA, Turkey, Mexico, Peru and Argentina. Spain registered negative growth rates at the end of August, while Colombia continued stagnant. The gap between e-commerce growth and physical purchases remained.

Key points

• Key points:
• The recovery is uneven across sectors and countries. The catching up in restaurants in the USA and Europe stands out. However, it was not so clear in the case of hotels and entertainment, where growth rates are still in negative values for all countries.
• Technology matters: the gap between e-commerce growth and physical purchases remained. Online sales are increasing in all the countries, but in Spain given the importance of travel expenditures.
• The use of cash increased more than card payments in Turkey and Argentina. The opposite happened for Spain, Colombia and Peru.

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