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 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

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