Colombia | Weekly update BBVA Tracker: Consumption. 22 October, 2020.

Summary

After the boost in consumption in September due to the end of confinement, the recovery in consumption moderates in October. The clothing and restaurant sectors, among those most affected by the closure measures, continue their recovery and are approaching positive territory.

Key points

• Key points:
• During October, consumption has improved by 2.8pp compared to September and stands slightly below zero.
• Expenditure on clothing has recovered 12 pp in October compared to September and is approaching positive territory.
• Department store spending loses share of total spending that is earned by spending on clothing, restaurants and airlines.
• Barranquilla, Pereira and Cali remain in positive territory in October while Cartagena and Bogotá are the cities with the worst performance.
• Fuel consumption remains behind in the country's capital, although it has a better performance in Barranquilla and Cartagena.

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