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Portugal Retail Sales Decrease In June

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07/30/2010 10:10

Portugal's retail sales decreased in June from the previous year.

Retail sales dropped a seasonally adjusted 1.6% year-on-year in June, compared to a 0.8% growth in the previous month, a report by the Statistics Portugal showed on Friday. A year earlier, retail sales slipped 0.7%.

Month-on-month, retail sales decreased 1.1% in June, following a 1% fall in the previous month. In the second quarter, retail sales dropped 0.3% on an annual basis, compared to a 0.8% growth in the first quarter.

Separately, the statistical office said, industrial production increased 3.4% annually in June, unchanged from the previous month. A year earlier, production decreased 10.3%. On a monthly basis, industrial output slipped 0.5%, after rising 1.2% in May. In the second quarter, industrial output grew 2.5% from the previous year, following a 3.8% rise in the first quarter.

Portugal's retail sales decreased in June from the previous year. (Market News Provided by RTTNews)

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