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Swiss retail sales grow slower than expected

Published 06/02/2010, 04:34 AM
USD/CHF
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Investing.com – Retail sales in Switzerland rose slower than expected in April, official data showed on Wednesday.

In a report, the Swiss Federal Statistics Office said the seasonally adjusted rate of turn over in the retail sector was 1.3% in April, down from 4% in March, whose figure was revised down from 4.5%.

Economists had predicted growth of 3.7% in April.

Following the release of the data, the Swissy was up against the U.S. dollar, with USD/CHF shedding 0.19% to hit 1.1548.

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