Swiss UBS Indicator fell in November

Note: This section contains information in English only.
Source: RTT News
© Scanpix/Reuters
Swiss UBS indicator of private consumption fell slightly in November on a smaller number of hotel stays by Swiss nationals and a decline in new car registrations, according to the UBS report. The indicator fell from 1.30 in October to 1.23 in November.

"The positive trend in the business situation in the retail industry and the continuing high number of new car registrations confirms our relatively optimistic assessment of the further development of private consumption in Switzerland, which is likely to remain an important mainstay of the Swiss economy next year as well," said UBS in its report. 

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