09 fevereiro 2012

Retail sales in Portugal

Retail sales in Portugal kept negative trend in December, reflecting an increasing tough environment. We highlight decline in food retail is closing to high single digit numbers. Retail sales (overall) declined an annual 10.3% YoY, after dropped 9.2% YoY in November. On a monthly basis, sales were up 2.3% YoY, benefiting from Xmas effect (-2.6% in November).

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