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    Published on Wednesday, November 25, 2020

    Big Data techniques used

    Colombia | Weekly update BBVA Tracker: Consumption. 19 November, 2020.

    Summary

    The third and last day without VAT of the year had a very positive balance for the sectors that benefited from this exemption. Consumption during this day was 50% higher than that registered for the two previous days. The clothing and household appliance sectors were some of the big winners.

    Key points

    • Key points:
    • During November, consumption grew 13.7%, driven by the consumption of exempt goods on the day without VAT.
    • The clothing sector was one of the winners of the 3rd day without VAT with sales more than double that observed in the first two.
    • Sporting articles and books had growth above 100% on the third day without VAT compared to the second day.
    • Credit card spending on the day without VAT was accelerated by 7pp more than debit card spending.
    • Barranquilla and Pereira registered annual growth of over 10% in the month. Medellín, although in positive, is the city that lags behind.

    Geographies

    Topics

    Authors

    María Paula Castañeda

    Documents and files

    Presentation (PDF)

    BBVATracker_consumoSem25.pdf

    Spanish - November 25, 2020

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