Investing.com - Retail sales in Switzerland rose less than expected in October, 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 advanced at annualized rate of 0.3% in October, below estimates for a 0.9% gain.
Retail sales growth in September was revised to a rise of 0.5% from a previously reported increase of 0.3%.
USD/CHF was trading at 0.9811 from around 0.9806 ahead of the release of the data, while EUR/CHF was at 1.2025 from 1.2028 earlier.