- Overnight Interest Rate Update 02.09.10 Tue, 09 Feb 2010 05:24 GMT
- RICS Survey Hints UK House Prices May Decline as Supply Swells Tue, 09 Feb 2010 04:41 GMT
- UK Retail Sales Growth Worst in 15 Years in January, says BRC Tue, 09 Feb 2010 02:19 GMT
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- Feb, 09 Overnight Interest Rate Update 02.09.10
- Feb, 09 RICS Survey Hints UK House Prices May Decline as Supply Swells
- Feb, 09 UK Retail Sales Growth Worst in 15 Years in January, says BRC
- Feb, 08 Swiss Unemployment Highest Since 1998, Retail Sales Advance 4.7%
- Feb, 08 Overnight Interest Rate Update 02.08.10
- Feb, 05 U.S. Non-Farm Payrolls Disappoint, Jobless Rate Unexpectedly Contracts
- Feb, 05 Overnight Interest Rate 02.05.10
- Feb, 05 Euro Spikes Higher Against Swiss Franc, SNB Action Hinted
- Feb, 04 ECB Says Rates Appropriate, As Inflation To Remain Near 1.0%
- Feb, 04 ECB Says Rates Appropiate As Infaltion To Remain Near 1.0%
- Feb, 04 British Pound Pares Decline as BoE Suspends Asset Purchases, Euro Holds Rate at Record Low
- Feb, 04 Overnight Interest Rate Update 02.04.10
- Feb, 04 Australian Retail Sales Disappoint, Building Permits Rise on Stimulus
- Feb, 03 Overnight Interest Rate Update 02.03.10
- Feb, 02 Overnight Interest Rate Update 02.02.10
- Feb, 02 Australian Business Confidence Falls Most in 11 Months on China Outlook
- Feb, 01 U.S. Manufacturing Unexpectedly Expands at Faster Pace
- Feb, 01 U.K. Mortgage Approvals Unexpectedly Declines, EURGBP Snaps 4-day Decline
- Feb, 01 China Weekly 02.01
- Feb, 01 Overnight Interest Rate Update 02.01.10
Swiss Consumption Indicator Strengthens in September
The Swiss UBS Consumption Indicator strengthened in September, with the index rising 0.632 from a revised reading of 0.623 in the previous month. The data which remained near a 6-year low provides indication that consumer sentiment remains subdued as households scaled back spending with rising unemployment. Despite, the positive indicator level hinting at a modest rise in private consumption, businesses may continue to cut back on production and employment as global trade conditions remain weak. Meanwhile, the Swiss National Bank may keep interest rates at 0.25% at the quarterly monetary policy assessment in December to ensure growth going into next year as the Swiss recession has probably bottomed. Last week, policy makers made it clear that the SNB will not raise rates until “the feeling the economic recovery is well established,” as stated by Chairman Jean-Pierre Roth. Going forward, investors will be monitoring the consumer price index and the unemployment rate on November 5th and 6th respectively for assurance that the economy has indeed stabilized. If released better-than-expected, the Usd/Chf may trade at a fresh yearly low, falling below 1.0029.
UBS CONSUMPTION INDICATOR MONTHLY CHART
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