Indicators send mixed messages on economy

26th October 2010, Comments 0 comments

The latest UBS monthly consumer spending indicator for Switzerland deteriorates for the first time in six months as retail sales in September take a tumble. The bank, however, remains upbeat for the next few quarters about private consumption - the biggest driver of the Swiss economy - and a Lausanne forecaster upgrades its outlook for 2010 and 2011, while slashing its prognosis for 2012 amid myriad uncertainties.

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