Switzerland Consumption Indicator Edges Down In December

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Switzerland's private consumption indicator edged down in December although it remained positive, UBS bank reported on Tuesday.

The consumption indicator fell to 1.20 in December from 1.26 in November, still below its long-term average of 1.50.

The index is calculated by taking five parameters into account namely new car sales, activity in the retail sector, the number of hotel stays by Swiss residents, the consumer confidence index and credit card transactions made via UBS points of sale.

Switzerland's private consumption indicator edged down in December although it remained positive, UBS bank reported on Tuesday. (Market News Provided by RTTNews)