Retail sales in Portugal dropped 13.1 percent year-on-year in May 2020, following an upwardly revised 22.2 percent slump in the previous month. Still, it was the second largest decline in retail trade, amid the coronavirus crisis. Non-food sales decreased 24.3 percent, after plunging 35.5 percent in April; while sales of food rose 1.3 percent, rebounding from a 4.8 percent decline. On a monthly basis, retail trade increased 13.1 percent, after dropping a record 17.4 percent in the prior month.
Retail Sales YoY in Portugal averaged 1.26 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 July 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.