Analysis with Big Data
Analysis with Big Data latest publications
In May, total consumption with BBVA cards, in real terms, grew 10.2% YoY. The latest data from our real time indicators show a weakness in the economic recovery process.
The first half of 2022 is fraught with negative shocks to the Chinese economy. The default of Evergrande Group, mounting geopolitical risks concerns and the sweep of Omicron variant etc. not only brought strong headwinds to economic growth but also resulted in the deterioration of China’s financial vulnerabilities.
Card spending increased 41% year-on-year in May (51% in April). Progress was greater in the online channel (69%) than in the face-to-face channel (30%). The end of the state of alarm in May 2021 magnified the year-on-year slowdown in purchases, especially with foreign cards.
In May, household consumption slowed compared to April, especially in the second half of the month. Tourism-related spending was the most moderate, while in-city consumption (restaurants, entertainment and urban transportation) remained strong.
In May, BBVA Research's big data consumption index (inflation-adjusted spending with cards and cash withdrawals) increased 8,0% compared to the same month in the previous year (19.0% YoY in April).
The BBVA Research Big Data Consumption Indicator (ICBD BBVA Research) slows down amid the fall in the tourism sector after the high dynamism registered in April triggered by the Easter holiday period.
May 24, 2022
Spain | Households’ CO2 Footprint: Enhancing Measurement, Economic Analysis and Big Data
This note proposes a path to shore up the measurement of the carbon footprint of the representative household of an economy, enhancing traditional macroeconomic analysis and with the use of Big Data in order to obtain real time outcomes and insights into the impact of the lifestyle of different households.
In April, total consumption with BBVA cards showed a year-on-year increase of 12.2%. Most items already exceed the average pre-pandemic spending so far in 2022. Although consumption is recovering, it shows a significant slowness that reflects its lack of dynamism.