COVID-19: Tracking the Recovery

26 Jun, 2020
  • At -41% YoY, the steady recovery in apartment sales registrations in NAPR continues
  • At -32% YoY, a slower week in new mortgages YoY, as base effect of the slower start of June 2019 is over
  • Currently at +34% YoY, non-cash spending in apparel continued to stabilize, after skyrocketing in the first week of June
  • After a slight cool-down in construction materials and consumer durables the growths started to stabilize
  • Further improvements are visible in non-cash spending in restaurants, with the change currently at -38% YoY
  • Dynamics of non-cash spending in hotels mildly improving for the last two weeks on the back of domestic tourism
  • As occupancies for select sample of Hotels continues to rise in June, most of the bookings for later months are pre-COVID 19 bookings
  • Adjusted for FX, remittances inflow in TBC already at positive growth territory at +7% YoY in the third week of June
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