Investing.com – Retail sales in Switzerland declined unexpectedly in December, official data showed on Tuesday.
In a report, Switzerland’s Federal Statistical Office said that retail sales fell by an annual rate of 0.4% in December, after rising by 1.8% in November, whose figure was revised down from 2.5%.
Analysts had expected retail sales to increase at annual rate of 2.6% in December.
Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.03% to hit 0.9434.
In a report, Switzerland’s Federal Statistical Office said that retail sales fell by an annual rate of 0.4% in December, after rising by 1.8% in November, whose figure was revised down from 2.5%.
Analysts had expected retail sales to increase at annual rate of 2.6% in December.
Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.03% to hit 0.9434.