The UBS consumption indicator rose from 1.45 to 1.50 points in December due primarily to the strong year-end results of the Swiss automobile sector. Compared with the previous December, new car registrations were up by 8.2%. The mood in the retail sector remains pessimistic, though. Domestic tourism managed to maintain its robust November showing. Compared with December 2015, the number of overnight hotel stays rose 0.9%.