UBS Consumption Indicator: Confidence despite weakness in retail
Zürich27 Oct 2016, 08:00 CESTMedia Releases Switzerland
The UBS consumption indicator rose from 1.53 to 1.59 points in September. The positive trend continues and points to further growth in private consumption for the fourth quarter. The driving forces are new vehicle registrations, which are at a record level, and the upsurge in domestic tourism in August.
