Swiss consumption indicator rises in September

Note: This section contains information in English only.
Source: Reuters
© Scanpix/Reuters
After a major decline in August, retailers faced brightened business situation in September. The UBS Swiss consumption indicator improved to 1.07 in September, compared to a downwardly revised 1.02 in the preceding month, the Swiss bank's representative said on Tuesday. In July the index was at 1.72.


In the statement, UBS reported that new car registrations posted a heavy drop of 20% year-on-year. Nevertheless, overall number of new cars registrations in the country in 2012 was record high. This adds signs to the UBS' belief that private consumption this year will boost Swiss economic growth significantly.

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