Swiss industrial production jumps more-than-expected in Q4

Forex Pros – Industrial production in Switzerland rose significantly more-than-expected in the fourth quarter, official data showed on Thursday.

In a report, Switzerland’s Federal Statistics Office said industrial production rose by a seasonally adjusted 7.4% in the fourth quarter, after rising by 1.4% in the preceding quarter, whose figure was revised down from 1.8%. 

Analysts had expected industrial production in Switzerland to rise by 4.6% in the fourth quarter.

Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF slumping 0.62% to hit 0.9023.

ForexPros.com