Retail sales fall in the eurozone and EU in August, Portugal with the biggest monthly drop

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Retail sales fell in August in both the eurozone and the European Union (EU) in year-on-year and month-on-month comparisons, with Portugal recording the biggest drop compared to July (-3.0%), Eurostat announced today.

In the eurozone, the volume of retail sales fell by 2.1% in August compared to the same month in 2022 and by 1.2% year-on-year.

In the EU, the indicator fell 2.0% year-on-year and 0.9% compared to July.

Compared to July, Portugal (-3.0%), France (-2.8%) and Belgium (-1.5%) had the biggest falls, while the most notable rises were seen in Luxembourg (1.9%), Poland (1.7%) and Denmark (1.6%).

According to the EU’s statistical office, Slovenia (-21.5%), Belgium (-8.5%) and Estonia (-7.9%) recorded the biggest year-on-year drops in retail sales, with Luxembourg (8.7%), Spain (8.1%) and Cyprus (5.9%) showing the main increases.

In Portugal, the indicator fell by 0.4% compared to August 2022.

Iris Lavan
Iris Lavanhttps://irislavan.com/en/
With a background as a consultant in the medical industry, Iris Lavan brings a wealth of knowledge and expertise to Portugal Pulse. Iris also runs a company in Tel Aviv offering marketing, business development, content creation and public relations services. She holds a degree in economics and management, giving her a solid grounding in business strategy and financial planning. Iris' commitment to Portugal Pulse is reflected not only in her consulting career, but also in her impact on the Portugale media landscape in Israel. She was an interviewer for Hadshot Portugal חדשות פורטוגל, a media outlet that broadcasts news about Portugal in Hebrew, where she provided valuable information on current affairs, healthcare and the economy. Since July 2023, Iris has also been part of the Portugal Pulse team.

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