Portugal recorded the second largest decline in monthly variation in retail sales – O Jornal Económico

Retail sales increased in April in the euro zone and in the European Union (EU) compared to the same month, and Portugal recorded the second biggest decline in the monthly variation, Eurostat said on Wednesday, June 5. In Portugal the decline was 1%.

Compared to the same month of 2018, the volume of retail sales increased in the euro area by 1.5% and in the EU by 2.9%.

Compared with March, the trend was the opposite, with retail sales falling 0.4% in the euro area and 0.3% in the EU. In the case of the Eurozone, food, beverages, tobacco, non-food and fuel contributed more to the decrease, while in the case of the EU the main driver of the percentage decline was non-food goods.

The highest monthly decreases were recorded in Germany (-2.0%), Portugal (-1.0%) and Croatia (-0.9%) and the main increases in Sweden (2.4%), Slovenia (2.0%) and Malta (1.7%), according to data from the European Statistical Office.

In the year-on-year period, strongest increases were observed in Slovenia (12.7%), Lithuania (10.2%) and Ireland (10.1%), with only two declines: in Germany (-0 , 9%) and in Bulgaria (-0.2%).

In Portugal, retail sales rose 6.7% between April 2018 and the same month of 2019.

[Com Lusa]

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