Switzerland CHF

Switzerland UBS consumption indicator

Impact:
Medium

Latest Release:

Date:
Big Surprise:
-0.82
| CHF
Actual:
1.68
Forecast: 2.5
Previous/Revision:
1.62
Period: Jun
What Does It Measure?
The UBS consumption indicator measures the current and expected consumer spending in Switzerland, providing insights into consumer confidence and economic health. This indicator primarily assesses household spending behavior, which is crucial for understanding overall economic activity and demand in the market.
Frequency
The UBS consumption indicator is released monthly, typically as a preliminary estimate that may be revised in subsequent reports.
Why Do Traders Care?
Traders pay close attention to the UBS consumption indicator as it serves as a gauge of consumer sentiment, impacting forecasts for GDP growth and economic expansion. A stronger reading can lead to bullish sentiments for the Swiss Franc (CHF) and Swiss equities, while weaker results may exert bearish pressure on these assets.
What Is It Derived From?
The UBS consumption indicator is derived from a consumer survey conducted by UBS, which captures spending intentions and sentiments from a representative sample of Swiss households. The survey methodology typically includes various qualitative and quantitative questions used to compute a diffusion index reflecting consumer confidence trends.
Description
The UBS consumption indicator is a leading economic measure designed to forecast future consumer spending based on current households' expectations. Due to its early release, financial markets may react more strongly to its preliminary findings, although the final figures provide a more accurate reflection of consumer behavior.
Additional Notes
This indicator is a leading economic measure, often compared to other consumer confidence indices or retail sales data. It provides a glimpse into the overall sentiment in the Swiss economy, which may also correlate with broader trends in Europe and global markets.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for CHF, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Jul 29, 2015
1.68
 2.5
1.62
-0.82
Jun 24, 2015
1.73
 1.21
1.67
 0.52
May 27, 2015
1.25
1.34