Swiss KOF index declines for a second month

The economic barometer released by the Swiss Economic Institute declined for a second month in April. The index fell to 102.0 (from a revised 106.3 last month), but the KOF Barometer is still above its long-time average. According to the institute, the Swiss economy continues to perform well but could face headwinds in coming months. In particular, the institute reports declining optimism among Swiss exporters.
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Germany: Unemployment Rate steady at 6.7% in April

Unemployment in Germany decreased by 25.000 during April, following a 14.000 drop the previous month, the Bundesagentur für Arbeit informed today. Economists had forecast much less decline of 10.000.
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