Spain | Effects of COVID-19 crisis on consumption through bank card operations

Summary

This publication details the evolution of purchases made with BBVA’s credit and debit cards, as well as those recorded in BBVA's point of sale (POS) terminals. Since March 20th, the fall in weekly card spending has stabilized at around -60% YoY, despite the upturn in food purchases to 65% YoY.

Key points

• Key points:
• This crisis has an outstanding impact on consumption in Spain
• Purchases of residents in Spain (more than 90% of the total) decrease by around -60% YoY, but those of foreign residents decline by around -97%

Geographies

Topics

Tags