Swiss UBS Consumption Indicator (MAR)
Actual:??? 2.131
Consensus: –
Previous:??? 2.020 (revised from 2.031)
The UBS consumption indicator showed considerable improvement through the month of March, reaching its highest since 2001. Few details were available at time of report, but the strong print only underlines the level of consumer demand in the Swiss economy. Given a consistently improving Employment outlook, consumer show little hesitation in spending as they have through recent months.
The USDCHF showed a minor drop in the moments to follow, losing 5 points to match overnight lows of 1.2079.