Lisbon, Portugal street

Portugal Retail Sales (ann. var. %)

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

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