January 15, 2021
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Spending with BBVA credit and debit cards or BBVA POS terminals grew 6% year-on-year in December, 10 points more than in November, due to the rise in transactions with Spanish cards, both face-to-face (5%) and online (56%).
BBVA´s credit and debit cards consumption fell 7.2% (in real terms) in 2020, compared to 2019. Services transactions were more affected than goods. Consumers appear to show changes in certain shopping habits due to isolation.
Total consumption ends 2020 with a boost given by Christmas shopping, returning to pre-pandemic levels. Official data confirms the predictive power of our real-time consumption indicator for both economic activity and supermarket consumption.
December 29, 2020
Impact of COVID in Spain with data on mobility, electricity demand and card expenditure
BBVA, Iberdrola and Telefónica have joined forces to analyze the consequences of the first wave of COVID-19 - between March and August 2020 - on household spending, electricity consumption and mobility.
Total consumption recovered in early December, although it has not yet reached a sustained positive position. There are no disruptive changes in the evolution of the categories in general.
December 4, 2020
Spain | Impact of COVID-19 on consumption in real time and high frequency in nov-20
Spending with BBVA credit and debit cards or BBVA POS terminals fell by -6% year-on-year in November due to the deterioration in face-to-face purchases (-12%), both with Spanish (-8%) and foreign (-70%) cards. The rise in online transactions (13%), driven by Black Friday, limited the reduction in consumption last month.
General consumption rebounded and reached a real average growth of 10% YoY in the last week. All categories showed progress, with different values. The predictive power of our consumption indicators for economic activity and supermarket purchases is once again confirmed.
General consumption remained flat in the first half of November, with an upturn in spending helped by the recovery in tourism. On the contrary, categories that had been outlining a progressive improvement surprisingly showed a break.