Swiss UBS consumption index rises on car sales

Newswire

ZURICH, Nov 28 (Reuters) - UBS's consumption index for Switzerland rose in October as higher new car registrations and an upbeat consumer mood signalled strong consumer spending, the Swiss bank's economists said on Tuesday. The index, based on five sub-indicators measuring consumer behaviour, increased to 1.96 points from a downwardly revised 1.83 points in the previous month. "The overall pleasing trend recorded by the UBS Consumption Indicator shows that consumer demand among private ...

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