According to data released by Eurostat, the retail in Portugal grew 3% in the previous month, being the EU country with the highest value recorded. In the Eurozone, sales in this sector rose in average 0.6% and in the European Union 0.8%.
Likewise, the Portuguese National Institute of Statistics reported that, in nominal terms, exports of goods increased 4.2% in the quarter ended in November; while exports rose 3.6% compared to the homologous period.
A clear example of this improvement of the Portuguese economy is in the automotive sector, with sales up 5.6% in 2014 over the previous year to 7,500 million euros, of which 83% are from the export of components, according to the announcement by Automobile Manufacturer’s Association (AFIA).
[photo credit: David]
