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Trade sales grew 1.7% in August

INE's trade index rose year on year, led by retail, while employment and pay also increased across the sector.

Archive notice

Archived after its publication day. Search retains this original briefing for background and accountability.

Archived 12 September 2026
IN BRIEF

The figures give small businesses useful context, but they do not replace their own sales, stock and cash-flow records.

  • The trade turnover index rose 1.7% year on year.
  • Retail grew 2.4%, wholesale 1.5% and motor trade 0.8%.
  • Employment increased 0.9%.
  • Remuneration increased 5.8%.
01

Retail led the annual increase

The August index shows growth across retail, wholesale and motor trade, although at different speeds. Hours worked rose 1.4% and remuneration increased more quickly than employment.

This is an index of sector activity, not a profit measure. Inflation, staffing, rent, payment delays and the mix of goods can produce a very different result for an individual business.

02

Measure the business you actually run

Compare like-for-like sales, gross margin, unsold stock and cash collection with the same period last year. Separate confirmed orders from enquiries and identify products whose supplier cost has moved materially.

A new business should test local footfall and demand before committing to a long lease or large stock order. National growth does not guarantee demand at one address.

WHAT TO DO NEXT

What you can do now.

  1. 01

    Review sales, margin and stock together.

  2. 02

    Check local demand before increasing fixed costs.

  3. 03

    Keep confirmed orders separate from forecasts.

Last reviewed1 October 2026

Written by the Portugal Hub Editorial Desk for international residents. This is general information; check legal, financial and safety decisions against the current facts of your case.

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