Colombia | BBVA Big Data Consumption Tracker. 17 Dec, 2021

Summary

According to the BBVA Big Data Consumption Index, consumption in November grew 22.3% compared to the same period in 2019. In December it accelerated slightly, growing 23.8%. In the first part of December services showed lower dynamics while goods boosted consumption.

Key points

• Key points:
• Spending in department stores dropped significantly after the VAT-free days in November and December, reaching a lower level.
• Spending on entertainment and fuel has a lower dynamic in the first part of December after the spike due to the November holidays.
• The share of clothing in household spending in November and December increased considerably.
• So far this month, spending on apparel is up 36% compared to the same period in 2019, although a moderation is observed after the VAT-free day.

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