• The Swiss UBS consumption indicator inched up to 1.54 points in October

Market news

29 November 2017

The Swiss UBS consumption indicator inched up to 1.54 points in October

The UBS consumption indicator inched up to 1.54 points in October from a corrected September figure of 1.51. New registrations for passenger cars and domestic tourism shored up the indicator. By contrast, the index of consumer confidence measured by the State Secretariat for Economic Affairs stagnated. In October it was -2 points, virtually unchanged from the previous quarter's -3. Although consumers assess the labor market more positively, expectations with regard to the general economic situation have become slightly gloomier.

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