Retail sales in Portugal increased 2.3 percent year-on-year in December 2019, following an upwardly revised 4.4 percent rise in the previous month. It was the smallest gain since September 2018, as buyers took advantage of Black Friday steep discounts throughout November. Sales grew less for both non-food products (2.3 percent vs 4.8 percent in November) and food, beverages & tobacco (2.3 percent vs 3.8 percent). On a monthly basis, retail trade shrank 1.5 percent, after an upwardly revised 1.4 percent rise in the previous month. In the fourth quarter of 2019, retail sales advanced 3.5 percent over a year ago.
Retail Sales YoY in Portugal averaged 1.38 percent from 1996 until 2019, reaching an all time high of 18.70 percent in March of 1996 and a record low of -11.20 percent in October of 2011. This page provides - Portugal Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Retail Sales YoY in Portugal is expected to be 2.50 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.