Global | The COVID-19 impact on Consumption in Real Time and High Definition: August 6
Published on Friday, August 6, 2021
Big Data techniques used
Global | The COVID-19 impact on Consumption in Real Time and High Definition: August 6
Consumption growth rates remained high in July, although most of the base effect on year over year terms has been corrected in most countries.
Key points
- Key points:
- The growth rates correction stabilizes in most countries during July, particularly in Spain, Turkey and Peru
- As the summer begins restaurants and hotels show higher dynamism. Entertainment and transport are recovering at different paces
- The gap between e-commerce and physical purchases has narrowed, but in Spain and Mexico online sales are recovering
- The lower growth of ATM withdrawals vis-a-vis card spending has been more noticeable in Peru during 2021
Documents to download
Authors
- Sirenia VázquezBBVA Research - Principal Economist
- Vanessa BelapatiñoBBVA Research - Senior Economist
- María Paula Castañeda
- Berk Orkun Isa
- Juan Ramón GarcíaBBVA Research - Principal Economist
- 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
Topics
- Topic Tags
- Consumption