ZURICH, May 31. Indicator of consumption in Switzerland has fallen slightly in April, but still indicates a slight increase, caused a significant increase in the number of registrations of new cars and grew up active in the retail trade. On this data indicated UBS, released on Tuesday.Indicator in April fell by 0.10 points to 1.58 the previous month, although it was still significantly above its long-term average 1,5.
Low interest rates, a growing job market and low import prices due to the entrenched the Swiss franc were the main engines of growth in domestic consumption, said a UBS.
The largest Swiss bank still are optimistic about the economy as a whole. Bank economists expect the inflation-adjusted consumer spending this year will grow by 1,6%.
