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SVME Purchasing Managers' Index rose in July by 53.5, higher than June's 53.4.

Swiss Retail Sales up by 7.4%

SVME Purchasing Managers' Index rose in July by 53.5, higher than June's 53.4.  Economists expected a fall from 53.4 to 52.3.

Retail Sales in Switzerland also flew higher recovering from 3.9% to 7.4% while expectations surfaced around 1.6%. 

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