Investing.com - Retail sales in Switzerland rose significantly more-than-expected in November, official data showed on Wednesday.
In a report, Switzerland’s Federal Statistical Office said that retail sales increased at annualized rate of 4.2% in November, easily surpassing expectations for a 1.6% gain. Retail sales growth in October was revised to a 1.6% gain from a previously reported increase of 1.2%.
Following the release of the data, the Swiss franc was lower against the U.S. dollar, with USD/CHF adding 0.36% to trade at 0.9058.