Peru | Tracking consumption with real-time data in October 2022

Summary

BBVA Research's big data consumption index (inflation-adjusted spending with cards and cash withdrawals) accelerated in October to 7.5% (6.9%: September).

Key points

• Key points:
• In October, card purchases grew by 22% YoY, increasing their share of total spending (41% compared to 39% in September). Within card purchases, the online channel registered high growth again (40% YoY) and consolidated a higher share (45%; 20% in 2019).
• The acceleration of BBVA Research’s Big Data Consumption Index for Peru at the beginning of the fourth quarter of the year coincides with the slight recovery of consumer confidence indicators.
• Compared to the previous year, the share of spending on entertainment, transport, and restaurants increased, while that of household goods and services, and health care decreased.

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