Colombia | Weekly update BBVA Tracker: Consumption and Investment. 7 October, 2020.

Summary

In this weekly publication, in addition to showing the update of our consumption indicators, we include the BBVA Tracker Investment to show how the recovery of the investment and its components is going with high frequency and real time data.

Key points

• Key points:
• In the first days of October the consumption maintains a good dynamic. Services reach a new high since the beginning of the pandemic.
• Wardrobe spending has had a big boost in the last week as has physical shopping.
• Consumption in Bogotá reaches a new high after the highest registration on the second day without VAT. Good performance is observed in the clothing sector.
• The investment would have had its greatest deterioration in the second quarter of the year and from there it has begun its gradual recovery.
• The construction investment was reactivated late compared to the other components. There is evidence of a slowdown in the pace of investment recovery in September.

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