Colombia | Weekly update BBVA Tracker: Consumption and Investment. 5 November, 2020.

Summary

Given the good dynamics of consumption in the last week of October, the whole month had a positive year-on-year growth of 2.7% after seven consecutive months of negative growth. For its part, we see that in October investment moderates the pace of recovery that brought between July and August.

Key points

• Key points:
• At the same time that the daily cases of Covid in the country are rebounding, household spending on drugstores is increasing.
• In line with the greater deterioration of the labor market in Bogotá, there is a delay in the recovery of consumption in this city compared to the rest of the country.
• In October, spending on restaurants and clothing reduced department and food stores' share of total spending.
• The investment in machinery and equipment continues to recover in October while the investment in construction has a slight slowdown this month.

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