Colombia | BBVA Big Data Consumption Tracker. 26 Nov, 2021

The BBVA Big Data Consumption Index shows that consumption improved its dynamics in the second half of November, which, so far this month, accelerated compared to its October record (24.8%), growing 26.2% compared to the same period in 2019.

Key points

• Key points:
• Services are beginning to show the start of the year-end vacation season with a significant increase in the last days of the month, thanks to a rebound in spending on entertainment and airlines.
• Households spent two times more on the VAT-free day in November than on the other days of the month.
• The clothing sector was the winner on the second non-VAT day of the year, its average daily expenditure was 5 times higher than that observed during the rest of the year.
• Consumption slows down in November in B/quilla and B/manga after October's rebound. Non-VAT day boosts consumption in Bogota.
• The second VAT-free day of the year boosted the consumption of goods, especially clothing, household appliances and toys.

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