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Consumption latest publications

October 6, 2022

Peru | Tracking consumption with real-time data in September 2022

BBVA Research's big data consumption index (inflation-adjusted spending with cards and cash withdrawals) slowed significantly in the third quarter, despite an improvement in September.

October 4, 2022

National Accounts in a world of Naturally Occurring Data

Presentation for the Conference on Non-traditional Data, Machine Learning and Natural Language Processing in Macroeconomics hosted by Sveriges Riksbank and jointly organized with the Federal Reserve Board, the Bank of Italy, and the Bank of Canada.

September 28, 2022

Beyond Cards: Measuring Spanish Consumption in Real Time and High Definition

We provide the first proof of concept that naturally occurring data from millions of financial transactions can be harnessed to estimate national accounts in real time and high definition

September 15, 2022

Argentina | BBVA Research Big Data Consumption Indicator (Sep-22)

In August, total consumption with BBVA cards fell 2.9% YoY in real terms, thus returning to negative ground after July's increase. Most of the items contracted after the good performance they had had last month.

September 15, 2022

Peru | Economic activity continues to lose momentum

Economic activity grew by 1.4% year-on-year in July (June: 3.4%). The slowdown is mainly explained by the contraction of the primary component, both in mining and in hydrocarbons. On the non-primary side, a greater slowdown was observed compared to the previous month.
  • Geography Tags
  • Peru

September 14, 2022

Peru | Tracking consumption with real-time data in August 2022

In August, BBVA Research's big data consumption index (inflation-adjusted spending with cards and cash withdrawals) increased by 3.9% (0.0% in July).

September 8, 2022

Mexico | The vicissitudes of inflation and the effects on households

A monetary policy that carries the reference interest rate to an excessively restrictive terrain in a context where long-term inflation expectations remain well anchored can have counterproductive effects.

September 8, 2022

Peru | Restoring Confidence: A Solo Endeavor?

The recovery of confidence in the private sector is an essential element for the proposed reactivation measures to have the desired impact. But it must be a joint effort of the entire Executive.
  • Geography Tags
  • Peru