Table 1.
Summary of descriptive statistics.
| Mean | Median | Obs. (billions) | Total value (billions €) | # Cards (millions) | # Merchants (millions) | |
|---|---|---|---|---|---|---|
| Panel A (2019) | ||||||
| Pre-containment | 39 | 20 | 1.30 | 51.2 | 61.0 | 1.01 |
| 1st containment | 40 | 20 | 1.49 | 59.1 | 62.6 | 1.03 |
| After 1st containment | 40 | 20 | 4.43 | 175.3 | 80.2 | 1.10 |
| 2nd containment | 40 | 21 | 1.14 | 45.7 | 61.2 | 1.02 |
| After 2nd containment | 41 | 22 | 0.84 | 34.9 | 58.2 | 1.00 |
| Mean | Median | Obs. (billions) | Total value (billions €) | # Cards (millions) | # Merchants (millions) | |
| Panel B (2020) | ||||||
| Pre-containment | 39 | 20 | 1.37 | 53.4 | 63.0 | 1.02 |
| 1st containment | 46 | 25 | 0.81 | 37.4 | 58.7 | 0.66 |
| After 1st containment | 41 | 20 | 4.60 | 187.6 | 82.3 | 1.09 |
| 2nd containment | 41 | 20 | 1.01 | 41.4 | 62.8 | 1.00 |
| After 2nd containment | 44 | 23 | 0.83 | 36.5 | 60.2 | 0.94 |
Notes: This table reports descriptive statistics on transactions, cards and merchants for the five periods of interest that occurred in 2020 (Panel B), with the analogous periods in 2019 (Panel A): pre-containment (6 January to 16 March); first containment (17 March to 10 May); after first containment (11 May to 29 October); second containment (30 October to 27 November); after second containment (29 November to 27 December). Mean and median pertain to the values of individual purchases, in euros.