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Private consumption latest publications

July 24, 2019

Inertia won't be enough

The Spanish economy is showing enviable resistance in the face of an internal and external environment surrounded by uncertainty. When GDP data is published for the second quarter, it is highly likely that growth will have remained between 2% and 3% year-on-year.

April 29, 2019

Colombia | Colombian consumer profile

A profile of the Colombian consumer was created by analyzing different variables that determine their consumption decisions, such as: age, sex, income, household size, source of income, form and place of payment, purchasing power and consumption habits.

October 23, 2018

Peru | Modern Retail Outlook 2018

Modern retail sales will show a good performance in the remainder of this year and next. Later, with the demographic bonus, the increase in the purchasing power of households, and the growing access to digital media that will boost online sales, the sector has room to continue expanding.

June 12, 2018

Turkey | Still high 1Q GDP but already moderating

GDP grew by 7.4% (YoY) in 1Q18 above both consensus and our expectation (7% vs. 6%). The acceleration in growth on quarterly basis was surprising (2% vs 1.7% in 4Q), mainly supported by the boost in private consumption and the recovery in investment. We forecast 2018 GDP growth to be 3.5-4.0% as we expect adjustment of the …

June 12, 2017

Turkey: Another Positive Growth Surprise

1Q17 GDP surprised positively by growing 5% YoY compared to the market (3.4%) and our expectations (3.2%). Net exports and public spending were the main drivers of growth while the positive surprise factor was the solid private consumption growth. The risks on our 3% whole year growth forecast are clearly on the upside.

June 5, 2017

Portugal: growth once again surprise positively in 1Q17

The growth rate of the Portuguese economy in 1Q17 accelerated to 1.0% QoQ, surpassing the BBVA Research estimate (0.2% QoQ). The quarterly growth was due to the positive contribution of external demand (0.8pp), given the strength exports have once again shown in a context of import slowdown.

September 27, 2016

Portugal: weak growth during 2Q16 and forecasts revised downwards

The Portuguese economy grew by 0.3% QoQ in 2Q16, broadly in line with projections and fulfilling expectations of a slowdown in private consumption and a boost to exports. Available data allow us to envisage growth in 3T16 holding at around 0.3%.