COVID-19: Tracking the Recovery

19 Jun, 2020
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  • At -45% YoY, a trend of recovery in apartment sales registrations continues, up from -68% YoY last week 
  • Currently at +47% YoY, non-cash spending in apparel started to stabilize
  • A slight decline in growth of non-cash spending on construction materials and consumer durables
  • The improvement continues in spending on eating out
  • The marginal improvement in noncash payments in hotels depicts the first effect of domestic tourism; the occupancy is growing in regions as prices decline
  •  Remittances inflow already at 2019 levels in the second week of June
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