Swiss consumption index recovered slightly in March, but remained at low levels, according to data released on Tuesday. Indicator, predicting private consumption for three - four months ahead, rose to 0.99 from 0.89, said UBS, which calculates the index. The bank uses the monthly data such as retail sales, car registration, hotel occupancy, the mood of consumers and credit card turnover of UBS. The index below the historical level of 1.50 for the sixth month in succession. The value of the indicator-2 to 4 points to the growth in consumption below -2 for the reduction.
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