The COVID-19 impact on Consumption in Real Time and High Definition
Published on Thursday, April 30, 2020 | Updated on Thursday, April 30, 2020
Big Data techniques used
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:
- Mobility restrictions have hit consumption with different intensity, Spain being the most affected country
- Consumption shows a similar pattern, but with some divergences in time evolution and segments
- While some expenditures such us food and health are holding up, spending on transport, tourism and restaurants has collapsed
- E-commerce continues leading the way and is still resilient
- ATM withdrawals are linked to consumption but with some differences across countries
Documents to download
Authors
- Vanessa BelapatiñoBBVA Research - Senior Economist
- Filip Blazheski
- 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
- Saide Aránzazu SalazarBBVA Research - Principal Economist
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Consumption