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Swiss retail sales rise 2.4% in February, above expectations for 2%

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

In a report, Switzerland's Federal Statistical Office said that retail sales rose at annualized rate of 2.4% in February, beating expectations for a 2% gain.

Retail sales in January were revised up to a 2% increase from a previously repotted gain of 1.9%.

Following the release of the data, the Swiss franc remained lower against the U.S. dollar, with USD/CHF adding 0.13% to trade at 0.9364.

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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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