Portugal’s foreign turnover continued to fall sharply, with a 76% decrease in March compared to 2019. Contactless Was fired.
Between February 2021 and March 2021, the national invoice level of the Portuguese retail system recovered slightly, increasing by 4%. This number is still lower than the pre-pandemic level (a decrease of -8% compared to 2019).
The data comes from a report by Reduniq Insights. Reduniq Insights is the largest national network that accepts domestic and foreign cards. This trend is reflected in the restrictions imposed on travel to and from national territories.
Globally, the turnover of Portuguese companies has fallen by 20% compared to pre-pandemic levels, compared with February 2021 (-21%) and March 2020 (-22%).
Although national consumption is on the rise, research shows that Portuguese spend less and less on each purchase. According to the same data, the “average fare” is now the lowest value since the beginning of 2020, at 32 euros, reaching the highest value during the first general confinement period (March 2020 to May 2020). It was 39.2 euros.
“More than a year after the pandemic started, we began to see some dynamics, which may reflect the actual impact of current socioeconomic conditions, such as average purchase value.”, Said Tiago Oom, director of Reduniq.
Regarding the barometer’s assessment of the impact of deflation in different business categories, it can be verified that “the most obvious case of recovery is the hairdresser.” Compared with January 4, it has increased by 79% as a percentage of the bill. On the first day of the second deflation.
As for traditional food retail, hypermarkets and supermarkets, Easter weekend brings “peak charges” to the industry.
After two phases lacking definition, the Reduniq report began to compare the opening hours for trade between 2020 and 2021 with the country as a whole.
Regarding the reopening of points of sale, almost all categories (except fashion) are now increasing compared to the previous weeks of deflation.
Another aspect highlighted in the analysis is the growth of purchases in traditional food retail rather than hypermarkets and supermarkets. Compared with the third week of deflation in 2021 and 2020, traditional businesses have grown by 96%, and hypermarkets and supermarkets have grown by 25%.
Interestingly, the Reduniq Insights Barometer shows another trend that is largely driven by the covid-19 pandemic-use Contactless. In March 2021 alone, 42% of payments accepted on the Internet by Reduniq were completed using this technology, which is in sharp contrast to 4% in January 2019 or 10% in January 2020.
“Oh Contactless It is the prospect of digital payment that is increasingly sought after by consumers in the future, which has led to the need for Portuguese business organizations to equip their businesses with this technology in order to respond to the new needs of consumers, The director pointed out in the statement.