Retail Sales in Portugal
The economy continued to expand in Q1. Lower inflation throughout Q1 seemingly boosted private spending, as signaled by retail sales expanding, on average, in month-on-month terms in January–February. That said, industrial production contracted in sequential terms in January and February, while annual merchandise exports growth eased in the same two-month period, likely dented by global headwinds. Additionally, financial conditions tightened during the quarter, which should have taken a toll on investment. Turning to Q2, improvements in business and consumer sentiment in April point to sturdier activity. In other news, on 14 April, Fitch affirmed the country’s ‘BBB+’ rating with a stable outlook, citing a declining fiscal deficit but still-elevated public debt.
Portugal Retail Sales Chart
This chart displays Retail Sales (ann. var. %) for Portugal from 2013 to 2022.
Portugal Retail Sales Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Retail Sales (ann. var. %) | 5.7 | 4.3 | 2.6 | -2.5 | 8.1 |