Portugal Retail

Portugal

Portugal: Retail sales increase in August

September 30, 2014

In August, retail sales expanded 1.3% over the same month last year, which was above the 1.0% increase tallied in July. August’s increase marked the strongest expansion in three months.

Retail sales have been progressively recovering the ground that was lost during the last three years of recession. Annual average growth in retail sales rose from a 0.8% rise in July to a 1.0% increase in August. This marked the highest reading since June 2007.

FocusEconomics Consensus Forecast panelists expect private consumption to increase 1.2% in 2014, which is unchanged from last month’s estimate. For 2015, the panel sees private consumption accelerating to a 1.0% expansion.


Author: Angela Bouzanis, Senior Economist

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Portugal Retail Chart


Portugal Retail August 2014

Note: Year-on-year and annual average variation in %.
Source: Statistics Portugal (INE) and FocusEconomics calculations.


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