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 are easing off in some countries and it accelerates the recovery. USA (Sunbelt) starts to register a positive growth rate. The reaction to the partial restrictions lift varies across countries
• Some lights are consolidating in a Consumption Heat Map which is still dark
• Food continues outperforming and there has been some mild recovery in restaurants in Turkey and USA
• The gap between e-commerce growth and physical purchases continues increasing
• Services have been hit more than goods in most of the countries

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