Investing.com - Retail sales in Switzerland fell unexpectedly in July, dampening optimism over the health of the country’s economy, official data showed on Monday.
In a report, Switzerland’s Federal Statistical Office said that retail sales declined at annualized rate of 0.6% in July, disappointing estimates for a 2.6% gain.
Retail sales growth in June was revised to a 3.3% increase from a previously reported gain of 3.4%.
The Swiss franc was modestly lower against the U.S. dollar following the release of the data, with USD/CHF easing up 0.06% to trade at 0.9316.