Portugal Retail Sales Rise For Second Month; Industrial Output Growth Eases

(RTTNews) - Portugal retail sales increased for the second consecutive month in November, Statistics Portugal reported Tuesday.

Industrial production data revealed that output rose for the third month in a row, but the annual growth rate decelerated in November.

Underpinned by food and non-food products demand, retail sales turnover grew 3.6 percent year-on-year, following October's 0.4 percent increase.

Food product sales surged 4.8 percent annually, faster than the 1.1 percent rise in October. At the same time, non-food sales recovered, up 2.7 percent after falling 0.1 percent a month ago.

Another report showed that industrial output growth eased to 2.9 percent on year in November from 3.3 percent in October. Meanwhile, annual growth in manufacturing output accelerated to 4.6 percent from 2.7 percent.

Production of intermediate goods gained 4.1 percent. Consumer goods and energy output climbed 1 percent and 2.1 percent, respectively.