Switzerland's economic sentiment index increased to -11.1 points in May from -30.3 points in April, according to data from UBS & CFA Society Switzerland published Wednesday.
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International
China's Online Retail Rises 6.6% in First January-April
China's online retail sales of goods and services went up 6.6% year over year in the first four months of 2026, the Ministry of Commerce said Tuesday.Online goods sales contributed 72% to total consumer retail growth.Agricultural product e-commerce rose 12%, while metal products soared 35%.Online sales in tourism increased 33% and catering climbed 20%.
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International
Ifo: Pace of German Job Cuts 'Somewhat' Decelerates in May
More German companies are still planning layoffs amid "weak" economic development, but the job cuts "somewhat" slowed in May, the Ifo Institute said Wednesday.The ifo Employment Barometer edged up to 93.9 points in May from April's 91.4 points. However, ifo head of forecasts Timo Wollmershäuser noted that companies "remain cautious in their personnel planning."While manufacturing, retail and wholesale continue to shed jobs, the service sector recovered from the prior month's slump. Meanwhile, labor market conditions in logistics and tourism are still "difficult," and the construction industry's situation was "virtually unchanged."
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International
French Household Confidence Hits Lowest Level Since March 2023
France's household confidence indicator dropped to 82 points in May 2026, marking its lowest overall level since March 2023.A month earlier, the reading was 84 points, according to data from the national statistics agency Insee published Wednesday. The indicator moved further away from the long-term average of 100 points.Analysts expected 83 points for the month.
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