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Portugal Retail Sales Fall For Fourth Month

Portugal's retail sales declined for the fourth month in a row in June, though at a softer pace, figures from Statistics Portugal showed on Wednesday.

Retail sales fell 6.6 percent year-on-year in June, following an 11.9 percent decrease in May. Sales fell for the fourth straight month.

On a month-on-month basis, retail sales increased 4.4 percent in June, after a 14.7 percent rise in the preceding month. Sales rose for second month in a row.

In the second quarter, retail sales declined 13.6 percent yearly and rose 2.2 percent from the previous quarter.

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