Colombia | Weekly update BBVA Tracker: Consumption. 27 January, 2021.

Summary

During January (1-25), total consumption fell 15% YoY, falling back to declines similar to those recorded in August, a month with a low grade of openness. Meanwhile, the goods group has a growth of 0.8% YoY in the same period while the services group is the most affected with falls close to 38% YoY.

Key points

• Key points:
• Airline spending again recorded declines of more than 60% YoY during the month to date. Recovery in entertainment spending loses traction with new mobility restrictions.
• Clothing spending reached a 49% YoY decline in January. Online shopping remains in positive territory.
• Reduced mobility restrictions in Barranquilla and Cartagena allowed this cities that consumption accelerated in January compared to December.
• In Medellin, with the relaxation of mobility restrictions during the weekend, a recovery was observed in most expenditure groups, but especially in fuel.

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