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

Summary

This is a weekly publication based on high-frequency and high-resolution aggregated and anonimized transaction data from BBVA to analyse the dynamics in real time of expenditure in the countries where BBVA operates during the ongoing COVID-19 pandemic.

Key points

• Key points:
• Mobility restrictions by lockdown policies are affecting consumption across countries
• The pattern of consumption is common to all countries, but with some divergences across time and segments
• Some expenditures as food are supporting, while spending on tourism, restaurants and air tickets collapsed
• The Digital consumption through e-commerce is being more resilient
• Digital consumption share in Spain is increasing despite strong declines in online travel & transport spending, which is around 50%

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