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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland UBS Consumption Indicator held to 1.68 in June 2015
FMPMonthlyReleased July 2015
Switzerland UBS Consumption Indicator held to 1.68 in June 2015, released July 2015. The reading missed the 2.5 consensus by 0.82. The print is running well above the 12-month average of 1.4. Over the past 3 months, UBS Consumption Indicator averaged 1.49, vs 1.21 in the prior 3-month window. The reading is in the 85th percentile of the trailing 24-month range.
Latest Release
1.68
Actual
2.5
Consensus
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CHF | ▼ Inverse | −0.50 | FOREX | Bullish CHF | → View |
| EUR/CHF | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| CHF/JPY | ▲ Direct | +0.40 | FOREX | Bullish CHF | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| GBP/CHF | ▼ Inverse | −0.35 | FOREX | Bullish CHF | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
UBS Consumption Indicator (Switzerland) was reported at 1.69 in January 2018. The reading fell from the previous value of 1.73. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 1.63, up from the prior three at 1.49.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CHF (Bullish CHF). A secondary relationship exists with EUR/CHF, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (Jun 23) and KOF Leading Indicators (Jun 30).
Auto-generated from current model state · Refreshes on each release · Last update January 2018.
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UBS Consumption Indicator - CH
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About UBS Consumption Indicator — Switzerland
DEFINITION
The UBS Consumption Indicator is a comprehensive measure of consumer spending in Switzerland. It takes into account various economic factors such as retail sales, tourism, and consumer sentiment to provide a reliable and timely assessment of the country's overall consumption trends. This indicator is widely used by economists and investors to gauge the health of the Swiss economy and make informed decisions. With its robust methodology and frequent updates, the UBS Consumption Indicator is a valuable tool for monitoring and analyzing consumer behavior in Switzerland.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2017): actual 1.69. Prior reading (Nov 2017): 1.67. Before that (Oct 2017): 1.54.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/CHF (Bullish CHF, r=-0.50) — a useful reference for forex-focused traders.