FXstreet.com (Barcelona) - The Swiss UBS consumption indicator has shown a slight decline in April, remaining still well above its long-term average, which shows that consumer spending continues growing strongly in Switzerland.

The UBS consumption indicator has declined to 2.18 in April from upwardly revised 2.25 in March and 2.32 in February, levels substantially higher than the 1.50 long-term average.

According to the UBS institute, Swiss private consumption will continue growing in the next future, as the positive trend in the labour market has supported the increase on employment, which, in turn, will contribute to increase wages. All this will have a positive contribution in household income, which, according to the UBS, will help real private consumption to grow about 2.2% in 2008.