Portugal Retail Sales YoY

Portugal's retail sales year-on-year growth slowed to 4.5% in August 2025 from 6.2% in July 2025. This is the lowest rate in four months. The slowdown resulted from lower non-food goods sales which grew 4.5% versus 6.5% in July and a 3.2% decrease in fuel sales, reversing a 1.2% increase. Household goods sales also fell by 0.1%, a change from a 5.5% rise in July. Consumer confidence declined to -16.2 in August from -15.7 in July, signaling increased pessimism. Portugal's annual inflation rose to 2.8% in August, up from 2.6% in July, driven by a 4.0% increase in food prices. Portugal's record low retail sales yoy was -21.8% in April 2020 and record high was 29.3% in April 2021.