Forex encyclopedia

Consumption Indicator of Union Bank Of Switzerland (UBS) is the anticipating economic indicator. Economists use it for forecasting about the future (for 3 - 4 months in advance) consumption of Switzerland people. Also indicator conveys the frequency of consumption. While measuring index value, following figures are used: PMI in retail sphere, the number of new registered automobiles, the amount of booked hotel rooms in the country, consumer sentiment, as well as the number of transfers made through credit cards of UBS bank. All values of those components are published monthly, expect for consumer sentiment index.

This consumer sentiment index represents results of survey of consumers, which is conducted by Michigan University. Questions touch upon confidence of citizens in economic conditions and prospects for the nearest future. Obtained figure throws light on respondents' sentiment and their intentions regarding spending money. Index is published twice a month. The fist one is the advance report announced in the end of the second week, usually on Friday. In two weeks final report is published. Publication time is 10:00 a.m EST (New York). Market respond to published data is minor. Index growth is favorable towards consolidation of national currency.