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.