UBS March Consumption Indicator Rises to Highest in Eight Months

A gauge of Swiss consumer demand rose to the highest in eight months in March, UBS AG (UBSN) said.

The consumption indicator, which signals developments about three months ahead, advanced to 1.22 points from a revised 0.9 points in February, the Zurich-based bank said in an e-mailed statement today. It had previously reported a February reading of 0.87 points.

To contact the reporter on this story: Paul Verschuur in Zurich at pverschuur@bloomberg.net

To contact the editor responsible for this story: Mariajose Vera at mvera1@bloomberg.net

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