Susana Peralta, Bruno Carvalho and João Pereira dos Santos have a new working paper where they investigate the effect of the Covid-19 pandemic in private consumption in Portugal.
Using monthly data from sybs, the main provider of point of sale terminals and on-line payments in Portugal, they investigate the break in individual transactions by comparing the values against the two previous years. A study of the most affected sectors, as well as differences across municipalities, is also pursued.