FX.co ★ Portugal Retail Sales Growth Hits Three-Month High

Portugal’s retail sales growth accelerated to 3.0% year-on-year in July 2026, the fastest rate in three months and up from a revised 2.7% in June. The increase was broad-based, driven by higher sales of food, beverages, and tobacco (2.5% vs. 1.3% in June) and of non-food products (3.3% vs. 3.7%). Within non-food, performance varied across categories: sales of computers, telecom equipment, books, and other products slowed (1.4% vs. 3.1%), while textiles, clothing, footwear, and leather goods also saw weaker but still solid growth (4.5% vs. 7.1%). Household goods registered a faster expansion (8.2% vs. 7.6%). On a monthly basis, retail sales were unchanged, following a downwardly revised 1.4% increase in June.