Swiss retail sales jump more-than-expected in November

2011-01-10 08:19:36 GMT (Forex Pros)

Forex Pros – 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 annual rate of 2.5% in November, after rising by 3.5% in October.

Analysts had expected retail sales to increase at annual rate of 0.9% in November.

Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF slumping 0.39% to hit 0.9638.


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