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

Summary

Consumption in May was 2.2% higher than before the pandemic. The slowdown observed at the beginning of the month has been compensated by a better dynamic in the last few days. Goods are 22% above their pre-pandemic level, while services are 25% below this level.

Key points

• Key points:
• Drugstore spending continues to accelerate while new cases of Covid-19 in the country reach new highs.
• Spending on fuel is consolidating as the sector most affected by the roadblocks, and it seems to have stabilized at about 20% below the pre-pandemic level so far in May.
• In recent days, there has been a shift from the use of debit cards for purchases and withdrawals to a greater use of credit cards.
• Spending on clothing recovered in the second half of May and almost reached the level recorded in February and March, months in which there were no mobility restrictions.

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