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Swiss retail sales inch up 0.4% in April, miss exp. for 3.5% gain

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Investing.com -

Investing.com - Retail sales in Switzerland rose significantly less-than-expected in April, official data showed on Tuesday.

In a report, Switzerland's Federal Statistical Office said that retail sales increased at annualized rate of 0.4% in April, below expectations for a 3.5% gain.

Retail sales growth in March was revised up to a 3.4% gain from a previously reported increase of 3%.

Following the release of the data, the Swiss franc was little changed against the U.S. dollar, with USD/CHF shedding 0.06% to trade at 0.8966.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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