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In December, spending with cards and cash withdrawals (BBVA Research's big data consumer index) increased 7.0% compared to the same month in 2019 (10.9% compared to December 2020).
August 26, 2021
Peru | Real-time analysis of the impact of COVID-19 on consumption (up to August 23)
In August, the BBVA consumption indicator grew 25% in real terms with respect to the same month of 2019. The increase in household spending coincides with the increase in household liquidity, relaxation of sanitary isolation measures and further progress in the vaccination process.
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%).
BBVA Research has developed a high-frequency indicator to track consumption in different countries. In Peru, this indicator shows that, after an initial significant contraction in household's purchases when confinement began, a recovery in spending is already visible with information as of July