Colombia | Weekly update BBVA Tracker: Consumption. 11 November, 2020.

Summary

In the first days of November, consumption maintains an upward trend driven by the consumption of basic goods, mainly health and food. The behavior among cities is again mixed as a result of differentiated measures adopted based on the increase of new cases in some regions.

Key points

• Key points:
• Hotel spending slows down in November while airline spending gets a boost in the last week of almost 10pp.
• Credit card spending rebounded to slightly below the level seen a year ago.
• Cartagena and Pereira show an important upturn in consumption in the first week of November. Bogota and Medellin are the cities that lag behind.
• In Medellín, the high number of new cases of Covid-19 would be having significant negative impacts on consumption.

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