Consumption Dynamics in the Covid crisis: Real Time Insights from French Data15 October 2020
Image source CAE
The unprecedented context of the health crisis has reinforced the need to mobilise “real-time” sources of data, i.e. data that are rapidly available, sufficiently representative and detailed to describe the heterogeneity of situations during the crisis.
An original and comprehensive study
As such, the banking data are particularly rich. Thanks to partnerships between the French Council of Economic Analysis (CAE) and Groupement des Cartes Bancaires CB, the Paris II Panthéon-Assas & Télécom Paris Digital Finance Chair and Crédit Mutuel Alliance Fédérale, original research work has been made possible by relying on aggregated and strictly anonymised data, accessible from a secure area. In this new CAE publication, David Bounie, Youssouf Camara, Étienne Fize, John Galbraith, Camille Landais, Chloé Lavest, Tatiana Pazem, and Baptiste Savatier describe the dynamics of consumption and savings and shed light on the heterogeneity of situations, depending on the sector of activity and household category.