Colombia | Weekly update BBVA Tracker: Consumption. 8 April, 2021

Summary

In the first quarter of the year, consumption grew 7.5% in annual terms, partially influenced by a rebound effect due to the start of quarantines in 2020. In March, the services sectors returned to pre-pandemic levels, compensating for the lower dynamics of goods consumption.

Key points

• Key points:
• Hotel spending rises during the Easter holidays relative to the level recorded during the same period in 2019.
• Spending on restaurants and fuel also increased significantly during Easter week as complementary services to tourism.
• Spending on clothing slows slightly over Easter and is back below pre-pandemic levels.
• In annual terms, all cities accelerated due to a rebound effect. In relative terms, only Bogota, Bucaramanga and Barranquilla accelerated in March.

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