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Portugal Retail Sales Decline In November

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Thursday, the Statistics Portugal announced that the seasonally adjusted retail sales decreased 2.6% year-on-year in November, faster than the 1.1% decline in the previous month, revised from 0.6% drop estimated initially.

On a monthly basis, retail sales declined 1.1% in November, in contrast to a 1.3% growth in the previous month.

In November, employment and the number of hours worked adjusted for working days decreased by 2% and 3%, respectively.

Meanwhile, wages and salaries increased 6.8% on an annual basis in November.

Thursday, the Statistics Portugal announced that the seasonally adjusted retail sales decreased 2.6% year-on-year in November, faster than the 1.1% decline in the previous month, revised from 0.6% drop estimated initially. (Market News Provided by RTTNews)

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