Spain | Impact of COVID-19 on consumption in real time and high frequency in mar-21
Spending with BBVA credit and debit cards or BBVA POS terminals grew 56% y-o-y in March due to the base effect caused by the start of the lockdown period a year ago. Compared to March 2019, the growth in card consumption was lower (18%).
Argentina | Real-time consumption monitoring (Mar 31, 2021)
Total consumption continues to be unable to grow steadily, remaining at around 0% YoY. The effect of the beginning of the lockdown a year ago is starting to be felt in the different categories. Based on our indicators, activity is expected to grow again in 1Q21, although a second wave of contagions could weaken consumption.
Argentina | Real-time consumption monitoring (Mar 10, 2021)
During the second half of February, total consumption recorded an average drop of 2.6% YoY, which contracted to -8% at the beginning of March. The growth of the construction sector ratifies the trend of our spending indicators. Changes in the dynamics of ATM cash withdrawals were observed.
Spain | Impact of COVID-19 on consumption in real time and high frequency in feb-21
The decline in card purchases moderated to -7% year-on-year in February due to the recovery in spending with Spanish cards, both online (37%) and face-to-face (-4%). Foreign card transactions continued to decline at double-digit rates (-73%).
Argentina | Real-time consumption monitoring (Feb 24, 2021)
Total card consumption grew at an average real rate of 0.4% in February. Our real-time indicators ratify the correlation with official data on supermarket sales and electricity demand. With the inoculation process in progress, no significant changes in spending were observed.
Argentina | Real-time consumption monitoring (Feb 10, 2021)
January´s total consumption with BBVA cards fell 1.6% YoY in real terms and moderated the decline for the fifth consecutive month. Goods expenses contracted 7.8% YoY while service expenses fell 24.6% YoY.
Spain | Impact of COVID-19 on consumption in real time and high frequency in jan-21
Spending with BBVA credit and debit cards or BBVA POS terminals fell by -11% year-on-year in January, after rising 6% in December. The drop in face-to-face purchases, both with Spanish cards (-9%) and foreign (-68%), accompanied that of online purchases with foreign cards (-73%).
Argentina | Real-time consumption monitoring (Jan 27, 2021)
Total consumption made with BBVA cards registered an average YoY growth of 1% in real terms during the last week of measurement. During that period, spending on goods fell 5.7% YoY and spending on services stabilized at -22% YoY.