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Swiss retail sales jump 3% in March

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Investing.com -

Investing.com - Retail sales in Switzerland rose more-than-expected in March, official data showed on Monday.

In a report, Switzerland's Federal Statistical Office said that retail sales increased at annualized rate of 3% in March, beating expectations for a 2.3% gain.

Retail sales growth in February was revised up to a 1.2% gain from a previously reported increase of 1%.

Following the release of the data, the Swiss franc was little changed against the U.S. dollar, with USD/CHF shedding 0.01% to trade at 0.8861.

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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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