Argentina | Real-time consumption monitoring (Dec 16, 2020)

Summary

Total consumption recovered in early December, although it has not yet reached a sustained positive position. There are no disruptive changes in the evolution of the categories in general.

Key points

• Key points:
• The general consumption made with cards recovered in December the contraction registered during the last days of November.
• There are no disruptive changes in the evolution of the categories in general.
• The number of credit and debit card transactions is recovering, although they are still below the pre-pandemic level. Average amounts in real terms returned to February/March levels with an advantage in the debit card figures.
• Our real-time construction spending indicator shows a weakening of the rebound in that sector.
• Compared with other countries in the BBVA Group, Argentina remains behind in the evolution of total consumption.

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