UBS consumption indicator dips, but still strong

Newswire

ZURICH, May 23 (Reuters) - UBS's consumption indicator for Switzerland fell in April after reaching its highest level in nearly four years in March, but the Swiss bank's economists said they still expected consumption to remain strong. The index, based on five sub-indicators measuring consumer behaviour, fell to 1.62, down from 1.76 in March, reflecting a fall in car sales, but it was still well above the revised February number of 1.37. "Despite the moderate decline in the Consumption ...

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