The COVID-19 impact on Consumption in Real Time and High Definition
Published on Friday, April 24, 2020 | Updated on Friday, April 24, 2020
Big Data techniques used
The COVID-19 impact on Consumption in Real Time and High Definition
Summary
This is a weekly publication based on high-frequency and high-resolution aggregated and anonimized 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 by lockdown policies are affecting consumption across countries
- The pattern of consumption is common to all countries, but with some divergences across time and segments
- Some expenditures as food are supporting, while spending on tourism, restaurants and air tickets collapsed
- The Digital consumption through e-commerce is being more resilient
- Digital consumption share in Spain is increasing despite strong declines in online travel & transport spending, which is around 50%
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Consumption
Tags
- Tags
- Big Data
- Data Analytics
Authors
Vanessa Belapatiño
BBVA Research - Economist
Filip Blazheski
María Paula Castañeda
Juan Ramón García
BBVA Research - Principal Economist
Berk Orkun Isa
Juan Manuel Manías
BBVA Research - Principal Economist
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data
Tomasa Rodrigo
BBVA Research - Lead Economist
Saide Aránzazu Salazar
BBVA Research - Principal Economist
Documents and files
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