The COVID-19 impact on Consumption in Real Time and High Definition
Published on Thursday, May 7, 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 hit consumption with different intensity. Card spending rebounds in the USA
- Consumption shows a similar pattern, but with some divergences. Some lighter colors that appeared in the second half of April have reverted
- Some expenditures such us food and, to a lesser extent, health are holding up while spending on services remains stagnant
- Technology matters: e-commerce keeps leading the way and is still resilient
- Services have been hit more than goods in most of the countries and food consumption continues outperforming the rest
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