Investing.com - Retail sales in Switzerland rose more-than-expected in August, official data showed on Tuesday.
In a report, Switzerland’s Federal Statistical Office said that retail sales increased at annualized rate of 2.4% in August, beating expectations for a 1% gain.
Retail sales for July were revised down to a 0.6% increase from a previously reported gain of 0.8%.
Following the release of the data, the Swiss franc was lower against the U.S. dollar, with USD/CHF adding 0.24% to trade at 0.9049.
In a report, Switzerland’s Federal Statistical Office said that retail sales increased at annualized rate of 2.4% in August, beating expectations for a 1% gain.
Retail sales for July were revised down to a 0.6% increase from a previously reported gain of 0.8%.
Following the release of the data, the Swiss franc was lower against the U.S. dollar, with USD/CHF adding 0.24% to trade at 0.9049.