Portugal's economy explained: GDP data, market trends, business developments, inflation, real estate, and economic policy. Analysis of how economic trends affect daily life and expat finances.
The President has promulgated a 38 million euro decree for hauliers, bus operators, taxis, fire brigades and the social sector. Two firefighters' federations said in September that the spring round had not reached them.
The Environment Ministry approved methodologies for reforestation and improved forest management. So far the market has two registered projects, 29 users and ten verifiers.
Food retail volumes slipped 0.3 percent in August, the first annual fall since December 2023, INE figures show. Specialised food shops such as butchers and bakers sold 6.5 percent less and cut jobs, while household goods rose 10.1 percent and overall retail grew 2.4 percent.
Homes in Portugal cost 16.5 percent more in the second quarter of 2026 than a year earlier, the fastest rise in the EU for a second quarter running, Eurostat figures show. The EU average was 4.7 percent; Portuguese prices have roughly tripled since 2015.
INE's monthly estimates show employment falling every month since May's record high, while unemployment held at 5.7 percent. The gap is people leaving the labour force, and the drop is concentrated among men.
The board's proposal, backed by the Azevedo family's holding company Efanor, takes effect after the April 2027 general meeting. It caps a reshuffle that has also reached Sonae Sierra.
Most of the total is the estimated value of media exposure; the economic output is put at 57.3 million euros. Porto, Gaia, Maia and Matosinhos put in 5.3 million between them.
