FX.co ★ Portugal Retail Sales Barely Grow in September

Retail sales in Portugal rose just 0.1% year-on-year in September 2026, after a downwardly revised 2% increase in August, marking the weakest growth in retail trade since October 2023. Non-food sales contracted by 0.8% (after a 3.5% rise in August), driven by notable declines in clothing and footwear (-4.3% vs +5.4%) and in computers and telecommunications equipment (-4.4% vs +3.2%). In contrast, sales of food, beverages, and tobacco returned to growth, rising 1.4% after a 0.3% drop in August. On a monthly basis, retail sales fell 1% in September, matching the 1% decline recorded in August.