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Swiss retail sales rise 1.9% in January, below expectations for 2.8%

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

In a report, Switzerland's Federal Statistical Office said that retail sales rose at annualized rate of 1.9% in January, missing expectations for a 2.8% gain.

Retail sales in December were revised down to a 4.7% increase from a previously repotted gain of 5.1%.

Following the release of the data, the Swiss franc was little changed against the U.S. dollar, with USD/CHF easing down 0.03% to trade at 0.9515.

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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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