Retail sales in Portugal dropped 6.6 percent year-on-year in June of 2020, following a downwardly revised 11.9 percent slump in the previous month.It marks the fourth straight month of annual falls in retail sales due to the coronavirus pandemic. Non-food sales decreased 9.9 percent, after plunging 22.4 percent in May; and sales of food, drinks and tobacco shrank 2.3 percent, after a 1.6 percent rise. On a monthly basis, retail trade increased 4.4 percent, after 14.7 percent rise in the prior month
Retail Sales YoY in Portugal averaged 1.24 percent from 1996 until 2020, reaching an all time high of 18.70 percent in March of 1996 and a record low of -22.20 percent in April of 2020. This page provides - Portugal Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.
Retail Sales YoY in Portugal is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Portugal to stand at 2.20 in 12 months time. In the long-term, the Portugal Retail Sales YoY is projected to trend around 2.30 percent in 2021, according to our econometric models.