Colombia | Weekly update BBVA Tracker: Consumption. 17 September, 2020.

Summary

In the second week of September, consumption reverses the upward trend that it had at the beginning of the month. The protests in some cities and the effect of lower spending on the celebration of love and friendship are slowing down the recovery in consumption this month.

Key points

• Key points:
• Spending on fuel and transportation has fallen in the last week while spending on restaurants has stuck at about 50% per year.
• The recovery in the airline and hotel sectors is being moderated. On the other hand, the entertainment sector continues to show no positive signs.
• The deterioration of consumption was greater in Pereira, Medellín and Bogotá. Cartagena remains behind the rest of the cities.
• Restaurant spending slows down in Pereira and stabilizes in Bogotá, Barranquilla, Medellín and Cali.
• In Bogotá, the recovery in consumption has been slowed down by the protests that have been taking place in the city since last Wednesday.

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