Portuguese Retail Sector Grows 3.4% In 2018: APED
The value of the Portuguese retail sector grew by 3.4% in 2018, to a total of €20.95 billion, according to APED, the Portuguese retail association.
APED reported that this growth was largely driven by the non-food sector, which grew by 4.3%, compared to the previous year, reaching a total sales volume of €8.54 billion.
Food retail was up 2.8% in sales, reaching €12.4 billion last year.
In the food segment, Frozen rose by 6.1%, and Fresh and Perishables by 4.1%, while Ambient Grocery was up 4.0%. These were the three fastest-growing categories therein.
Private-label sales remained roughly on a par with the previous year, the data showed, recording a slight increase of 0.2 percentage points, to 33.6%.
According to APED, the data indicates a 'dynamic, sustainable' retail sector, which has contributed to a growth in employment and economic activity in the country.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.