Wednesday, November 10, 2010

Consumer sentiment fell in Switzerland

Complicated dilemma for the Swiss authorities, as the economic indicators are no longer so optimistic, as the currency continues to remain strong due to the current economic landscape. Data on consumer confidence released Tuesday showed decrease to 7 from 16 in previous months. It seems that the respondents were pessimistic about the future economic situation and employment prospects, despite a stronger labor market statistics, published on Monday.

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