Swiss consumer spending seen rising in H2-UBS

Newswire

*Consumption indicator rose to 1.95 in Aug from 1.88 in July *Car registrations up 11.9 pct on-year in Aug ZURICH, Sept 28 (Reuters) - The UBS consumption index for Switzerland continued to rise in August to its highest level in over two years, leaving the bank expecting a clear increase in consumer spending in the second half of 2010. The indicator, based on five subcomponents measuring consumer behaviour, rose to 1.95 in August from 1.88 the previous month. The number for July was ...

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