Retail sales in Portugal shrank 4.5 percent year-on-year in December of 2020, the third consecutive month of falling retail sales. Sales of non-food products dropped 9.9 percent, shrinking for the tenth month while sales of food, drinks and tobacco rose faster (2.4 percent vs 1 percent). On a monthly basis, retail sales dropped 0.4 percent. Considering full 2020, retail sales went down 4.1 percent, after rising 4.3 percent in 2019. source: Statistics Portugal
Retail Sales YoY in Portugal averaged 1.16 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 February of 2021.
Retail Sales YoY in Portugal is expected to be 3.40 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 4.80 in 12 months time. In the long-term, the Portugal Retail Sales YoY is projected to trend around 2.50 percent in 2022, according to our econometric models.