Colombia | Weekly update BBVA Tracker: Consumption. 15 April, 2021

Summary

Consumption in April is again below the level registered prior to the pandemic due to new mobility restrictions and a calendar effect due to Easter. Services suffer the largest deterioration in the month, dropping 40% below the level recorded in 2019 and at levels similar to those of Jan-21.

Key points

• Key points:
• With the end of Easter Week, hotel spending moderated, returning to levels close to those recorded in January and February.
• The impact of the mobility restrictions was offset by the increase achieved in the first quarter of the year in the restaurant and fuel sectors.
• At the same time that mobility restrictions significantly reduce spending on clothing, purchases from online channels are on the rise.
• As a proxy for mobility, fuel spending fell most sharply in Bogota, Medellin and Barranquilla so far in April.

Geographies

Topics

Tags