The UBS consumption indicator rose from 1.38 to 1.43 points in January and continues to signal solid growth in private consumption. Swiss consumers view the economic and financial situation with considerably more optimism than in the last quarter. New car registrations and domestic tourism have, however, fallen compared with the previous January.

Following a comprehensive data revision, the UBS consumption indicator climbed from 1.38 to 1.43 points in January. The rise owes to a clear improvement in consumer sentiment as the Consumer Sentiment Index published by the State Secretariat for Economic Affairs climbed from -13 to -3 points.