Colombia | Bi-weekly update BBVA Tracker: Consumption. 20 Aug, 2021

Summary

Consumption so far in August is 16.2% above that recorded in the same period in 2019, slightly lower than that observed in July (17.6%). Services would be reflecting lower dynamics in the month with a contraction of 3.3% compared to 2019 while goods grew 29.8%.

Key points

• Key points:
• Food spending grows nearly 30% vs. 2019 as drugstore spending continues to slow as Covid-19 cases.
• While the delta variant is advancing strongly in Europe and the U.S., airline spending is slowing and is at similar levels to Dec-20.
• Fuel spending is up 11.3% so far in August versus the same period in 2019, reaching the highest level since the start of the pandemic.
• Large cities show lower consumption dynamics compared to the national average. Barranquilla is the city that shows the greatest recovery in consumption, growing 13.7%.

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