Zurich, 30. September 2015 - The UBS Consumption Indicator increased from 1.59 to 1.63 points in August, primarily due to the improved employment situation in the second quarter. In the tertiary sector, employment rose by 1.6% compared to the previous year. This resulting increase in the disposable income of private households supported private consumption. But the gloomy employment picture described by the Federal Statistical Office (FSO) may limit the growth in consumption.

The slightly less negative outlook in the retail sector and the month-on-month increase in new vehicle registrations (seasonally adjusted) also boosted the UBS Consumption Indicator. The number of overnight stays made by domestic guests has also climbed recently. The unusually warm weather lead consumers to take more holidays in Switzerland, which combined with the improved employment situation helped to raise domestic consumption and the indicator.

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