Argentina | Real-time consumption monitoring (Aug 28, 2020)
Published on Friday, August 28, 2020
Big Data techniques used
Argentina | Real-time consumption monitoring (Aug 28, 2020)
Real consumption stabilizes at levels below pre-pandemic ones, with a slight rebound in spending on goods and a drop in services during the last week. There is a clear contraction in consumption in supermarkets while expenditures on non-essential items such as Automotive and Sports and toys increase.
Key points
- Key points:
- The trend in global consumption indicates a progressive rebound towards pre-pandemic levels. In Argentina, however, the effect of isolation measures is affecting the dynamics of spending.
- Card expenditures for the acquisition of goods have grown in the last week in contrast to the consumption of services, showing a divergent path.
- Our real-time supermarket spending indicator is showing a contraction in consumption in this category and shows a clear correlation with that officially published by the INDEC.
- The gradual opening of the last few days boosted sales in non-essential categories, particularly in Automotive, Construction and Sports and Toys.
Documents to download
Authors
Geographies
- Geography Tags
- Argentina
Topics
- Topic Tags
- Consumption