UBS consumption indicator: a pleasant end to summer
Zurich27 Sep 2017, 08:00 CESTMedia Releases Switzerland
The UBS consumption indicator increased to 1.53 points in August thanks to robust new car registrations and encouraging numbers of hotel stays by Swiss residents, indicating consumption growth slightly above the long-term average of 1.5%. However, the UBS economists still project 1.3% consumer spending growth for the year overall.
