Forex Pros – Retail sales in Switzerland rose significantly more-than-expected in September, official data showed on Wednesday.
In a report, Switzerland’s Federal Statistical Office said that retail sales rose by 3.8% year-on-year in September, after rising by 0.1% in August, whose figure was revised down from 0.5%.
Analysts had expected year-on-year retail sales to increase by 1.4% in September.
Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.07% to hit 0.9787.
