Colombia | Bi-weekly update BBVA Tracker: Consumption. 25 Jun, 2021

Summary

Consumption in June is 9.2% above that recorded in the same period in 2019. While goods moderated the good dynamics observed in May and are 20% above, services rebounded and reached the second highest level since the beginning of the pandemic being 7% below the pre-pandemic level.

Key points

• Key points:
• Spending on entertainment has shown a better dynamic so far in June but still remains at very low levels.
• Airline and hotel spending moderated in the second part of June after the rebound due to the beginning of the holiday season, but reached record highs during the month.
• Spending on clothing reached a share of close to 8% of total household spending, a record not seen since the last VAT-free day in Nov-20.
• So far in June, there has been a greater use of debit cards over credit cards in line with the payment of extra salaries in the middle of the year.

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