Colombia | Weekly update BBVA Tracker: Consumption. 17 February, 2021.

Summary

Consumption in February continued to recover and stood at -0.9% YoY, almost reaching the levels recorded a year ago. The services sectors continue to drive the recovery, although there is also greater dynamism in goods.

Key points

• Key points:
• Spending in restaurants has a strong boost during the Valentine's Day weekend, recovering about 5pp only on this date.
• Spending on clothing has already fully recovered the drop recorded in January due to mobility restrictions.
• The recovery of the tourism and entertainment sectors is slowly advancing, although the latter from much lower levels.
• Consumption in Bogota during the month of February has recovered more than 17pp compared to January. In the last week, spending on clothing and restaurants stabilized.

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