FX.co ★ Portugal Retail Sales Slow in August

Retail sales in Portugal rose by 2.4% year-on-year in August 2026, following a downwardly revised 2.6% increase in July. A decline was recorded in sales of food, beverages, and tobacco (-0.3% vs 2.2%), while non-food sales accelerated (4.2% vs 2.9%), driven by household goods (10.1% vs 5.8%), clothing and footwear (5.9% vs 4.8%), and computers and telecommunications equipment (4% vs 0.5%). Sales of pharmaceuticals and cosmetics remained strong (7.4% vs 7.8%), whereas fuel sales fell further (-5.6% vs -1.3%). On a monthly basis, retail sales decreased by 0.7%, extending a 0.1% decline in July.