Argentina | Real-time consumption monitoring (Oct 19, 2020)

Summary

Consumption with our clients' cards showed a significant rebound during the last weekly monitoring with improvements in most categories. ATM withdrawals confirm the trend captured in previous reports of fewer withdrawals for higher amounts (in constant currency).

Key points

• Key points:
• Consumption with our clients' cards showed a significant increase during the last weekly monitoring in October, with a positive year-on-year variation of 1.5% after several weeks in negative ground.
• Consumption registered an improvement across most categories.
• In September the CPI accelerated its progress much more than general mobility.
• ATM withdrawals by our customers confirm the trend of fewer withdrawals, although for a greater amount (in constant currency).

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