Colombia | Weekly update BBVA Tracker: Consumption. 15 October, 2020.

Summary

Consumption in the current month of October recovers 2pp compared to last month. The recovery is greater in services, which advance about 3pp while goods do it in 1.6pp. However, there is evidence of a slowdown during the weekend of the school break in most sectors.

Key points

• Key points:
• Consumption decelerates in the second week of October, with a greater decline in goods, but remains in positive ground.
• Rise in hotel spending during the week of school break in October. Airline spending advances although at a slower pace.
• Credit card spending has increased in recent days while debit spending has slowed.
• Barranquilla, Pereira and Cali remain in positive territory throughout October while Cartagena and Medellin are the cities with the worst performance.
• During the week of school break, there was a drop in fuel spending in Bogotá and a rebound in Barranquilla and Cartagena.

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