Colombia | Weekly update BBVA Tracker: Consumption. 18 March, 2021

Summary

Consumption so far in March remains above that registered in the same period of 2019 and 2020, however, it moderates compared to the rebound observed in February after the confinements. Some services, which were behind, accelerate in March.

Key points

• Key points:
• Spending on basic goods remains high compared to 2019, however, they are lower than those recorded in 2020 due to the boost in spending in preparation for the start of the confinement.
• Spending on restaurants and gas stations consolidate above 2019 records, the same is not the case for transportation spending.
• Spending on airlines and entertainment declines from the same period of 2019 in the second week of March, hotels remain stable.
• Clothing spending moderates but remains above what was recorded in 2019. For online sales a similar situation occurs.

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