Close panel

  • Home
  • Publications
  • Who we are
  • Big Data
  • Forecasts
    Searcher

    Spain | Impact of COVID-19 on consumption in real time and high frequency: 30 July

    Published on Thursday, July 30, 2020

    Big Data techniques used

    Spain | Impact of COVID-19 on consumption in real time and high frequency: 30 July

    Summary

    The increase in face-to-face card spending slowed down to 0.5% year-on-year last week, due to both the lower growth of purchases with Spanish cards (8%) and the greater decline in transactions with foreign cards (-54%).

    Key points

    • Key points:
    • The restrictions caused by the outbreaks of COVID-19 have dampened the recovery in consumption in Huesca, Zaragoza, Gipuzkoa, Barcelona, Murcia and Navarre.
    • Spending with Spanish cards grew in 50 provinces. It only fell in the Balearic Islands and Madrid. The increase exceeded 20% in Melilla, Avila, Asturias, Jaén, Soria, Cantabria, Cáceres, Badajoz, Cuenca and Orense.
    • The recovery of purchases with foreign cards stopped in the provinces bordering France, except in Navarre. The reduction in tourist demand in urban destinations affected by resurgence of COVID-19, such as Zaragoza and Barcelona, also accelerated last week.
    • The food, household equipment, other services and health sectors led the recovery in face-to-face transactions last week. At the opposite end of the spectrum were transport, leisure, accommodation and travel.
    • The decline in internet transactions was accentuated to -20% year-on-year, reducing the share of online spending to 15% compared to 19% in the same week in 2019. Card cash withdrawals decreased in all provinces last week. The average drop was -16% year-on-year.

    Geographies

    Authors

    Fernando Bolívar
    Juan Ramón García BBVA Research - Principal Economist
    Tomasa Rodrigo BBVA Research - Lead Economist
    Pep Ruiz BBVA Research - Principal Economist
    Angie Suárez

    Documents and files

    Presentation (PDF)

    gasto_tarjetas_BBVA_semana_del_20_al_26_de_julio.pdf

    Spanish - July 30, 2020

    New comment

    Be the first to add a comment.

    Load more

    You may also be interested in