Investing.com - Retail sales in Switzerland fell unexpectedly in May, fuelling concerns over the health of the country’s economy, official data showed on Tuesday.
In a report, Switzerland’s Federal Statistical Office said that retail sales declined at annualized rate of 0.6% in May, disappointing expectations for a 1.8% gain.
Retail sales growth in April was revised up to a 0.8% gain from a previously reported increase of 0.4%.
Following the release of the data, the Swiss franc was little changed against the U.S. dollar, with USD/CHF easing up 0.03% to trade at 0.8939.
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