The COVID-19 impact on Consumption in Real Time and High Definition

Summary

El crecimiento del consumo se estabiliza en los valores de agosto en la mayoría de los países, pero con movimientos mixtos por sectores de actividad. El comercio electrónico mantiene el ritmo de crecimiento en casi todas las geografías, mientras el uso de efectivo pierde terreno. El gasto en servicios aventaja al de bienes.

Key points

• Key points:
• Consumption growth stabilizes at August values in most countries, only Colombia shows a significant drop
• By sectors of activity, Mexico, Colombia and Peru reduced the pace in hotels, while Argentina improved in all tourism. Turkey and Spain maintain a generalised growth.
• Spain keeps a steady growth in face-to-face transactions compared to the decline in other countries. E-commerce keeps up the pace
• The use of cash appears to be losing ground to card spending in all geographies except Colombia
• Services continues to lead goods in Spain, Colombia and Argentina. The gap between these is narrowing for Mexico and Colombia.

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