UBS consumption indicator down slightly in May
Zurich28 Jun 2017, 08:00 CESTMedia Releases Switzerland
The UBS consumption indicator registered 1.39 points in May, suggesting slightly below-average growth in private consumption. This matches the UBS CIO consumption growth forecast of 1.3% in 2017. The data published in June regarding new car registrations and hotel overnight stays by Swiss residents was robust and supported the consumption indicator.
