Investing.com - Financial Markets Worldwide

Swiss retail sales surge in April

Published 06/01/2011, 03:25 AM
USD/CHF
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Investing.com – Retail sales in Switzerland jumped significantly more-than-expected in April, official data showed on Wednesday.

In a report, Switzerland’s Federal Statistical Office said that retail sales rose at an annualized rate of 7.5% in April, after dipping 0.2% in March.  

Analysts had expected retail sales to increase at annual rate of 1.9% in April.

Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.34% to hit 0.8511.

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