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Swiss retail sales rise less-than-expected in October

Published 12/02/2010, 03:17 AM
USD/CHF
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Investing.com – Retail sales in Switzerland rose less-than-expected in October, official data showed on Thursday.

In a report, Switzerland’s Federal Statistical Office said that retail sales rose at an annual rate of 3.5% in October, after rising by 4.1% in September, whose figure was revised up from 3.8%.

Analysts had expected retail sales to increase at annual rate of 4.9% in October.

Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.09% to hit 1.0014.


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