Colombia | BBVA Big Data Consumption Tracker. 17 Jan, 2022

Summary

Consumption in December grew 20.0%, closing the year with a similar dynamic to that recorded in November but lower than in October (24.8%). In the first part of January, goods have shown good dynamics while services fell compared to the peak recorded in December 21.

Key points

• Key points:
• Spending in drugstores and department and grocery stores is up over 30% since the end of December.
• After the end of the year-end vacation season, airline spending fell sharply to levels similar to Nov-21.
• Restaurant spending slowed since the end of December. In January, it partially accelerated without recovering November levels.
• Consumption remained relatively stable in the large cities in December but accelerated during the month in Pereira and Bucaramanga.

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