Global | The COVID-19 impact on Consumption in Real Time and High Definition
Published on Thursday, June 4, 2020
Big Data techniques used
Global | The COVID-19 impact on Consumption in Real Time and High Definition
This is a weekly publication based on high-frequency and high-resolution aggregated and anonymised transaction data from BBVA to analyse the dynamics in real time of expenditure in the countries where BBVA operates during the ongoing COVID-19 pandemic.
Key points
- Key points:
- The easing of mobility restrictions is paying off, the USA consolidates positive growth
- The Consumption Diffusion Heat Map continues to show recovery across countries and segments
- The gap between e-commerce and physical purchases keeps narrowing with the lift of restrictions
- The gap between expenditure on services and goods is narrowing in some countries and food consumption is returning to normality
- The Spanish de-escalation progress explains the recovery, provinces in Phase 2 already show great improvement and Big City advances will reinforce the trend next week
Documents to download
Authors
- Vanessa BelapatiñoBBVA Research - Senior Economist
- Filip Blazheski
- Fernando Bolívar
- Adrian Casillas
- María Paula Castañeda
- Juan Ramón GarcíaBBVA Research - Principal Economist
- Berk Orkun Isa
- Juan Manuel ManíasBBVA Research - Principal Economist
- Alvaro OrtizBBVA Research - Head of Analysis with Big Data
- Tomasa RodrigoBBVA Research - Lead Economist
- Pep RuizBBVA Research - Principal Economist
- Saide Aránzazu SalazarBBVA Research - Principal Economist
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Consumption