Investing.com – Retail sales in Switzerland rose significantly more-than-expected in November, official data showed on Monday.
In a report, Switzerland’s Federal Statistical Office said that retail sales rose at an annualized rate of 1.8% in November, blowing past expectations for a 0.5% gain.
The previous month’s figure was revised up to a gain of 0.1% from a previously reported 0.2% decline.
Following the release of the data, the Swiss franc remained higher against the U.S. dollar, with USD/CHF shedding 0.16% to trade at 0.9536.
In a report, Switzerland’s Federal Statistical Office said that retail sales rose at an annualized rate of 1.8% in November, blowing past expectations for a 0.5% gain.
The previous month’s figure was revised up to a gain of 0.1% from a previously reported 0.2% decline.
Following the release of the data, the Swiss franc remained higher against the U.S. dollar, with USD/CHF shedding 0.16% to trade at 0.9536.