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The COVID-19 containment seen through French consumer transaction data: Expenditures, mobility and online substitution

Author

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  • David Bounie

    (IP Paris - Institut Polytechnique de Paris, ECOGE - Economie Gestion - I3 SES - Institut interdisciplinaire de l’innovation de Telecom Paris - Télécom ParisTech - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique, SES - Département Sciences Economiques et Sociales - Télécom ParisTech)

  • Youssouf Camara
  • John Galbraith

Abstract

Identifying the effect of COVID-19 pandemic on individuals and economies is a challenging task, as official economic data have, as they inevitably do, lagged events. Using billions of anonymised French bank card transactions from before and during the COVID-19 epidemic, this column examines changes in consumer mobility, anticipatory behaviour in response to announced restrictions, and the contrasts between the responses of online and traditional point-of-sale consumption expenditures to the shock. Based on responses tracked at hourly, daily, and weekly frequencies, it finds that consumers' use of the online shopping option has mitigated the overall impact of the shock.

Suggested Citation

  • David Bounie & Youssouf Camara & John Galbraith, 2020. "The COVID-19 containment seen through French consumer transaction data: Expenditures, mobility and online substitution," Post-Print hal-02640751, HAL.
    • Handle: RePEc:hal:journl:hal-02640751
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    Cited by:

    1. Sakouvogui Kekoura & Guilavogui Mama Genevieve, 2022. "How are the United States Banks faring during the COVID-19 Pandemic? Evidence of Economic Efficiency Measures," Open Economics, De Gruyter, vol. 5(1), pages 11-29, January.

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