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- Swiss consumption indicator rose to 1.50 points in February drove by tourism
Swiss consumption indicator rose to 1.50 points in February drove by tourism
The UBS consumption indicator climbed to 1.50 points in February from 1.44. Domestic tourism drove the rise still recovering from the consequences of the franc shock in early 2015.
The number of overnight hotel stays was up by 5.5% the same month in the previous year. In January, plenty of snow and the start of the skiing holidays lured many Swiss into the mountains.
The tourist regions of Graubünden (+12.0%) and Valais (+7.5%) recorded strong growth, while the number of overnight stays fell significantly in the Basel region (-22.1%).
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