Zürich (ots) - Swissmem welcomes the finalization of the free trade agreement (FTA) with India, which will significantly enhance the competitive position of the Swiss technology industry in this important growth market, as customs duties of up to 22% will be eliminated. This is particularly true with respect to the industry's competitors from China, the UK, the EU and ...
Zurich (ots) - The Swiss technology industry (mechanical and electrical engineering and related technology sectors) had a challenging year in 2023. Compared with 2022, new orders received were down by 8.4%, exports by 2.6%, and sales by 0.8%. The generally good order backlog from the previous year prevented a more serious fall in sales. The further course of business ...
Zurich (ots) - Following significant progress in the exploratory discussions, the Federal Council today adopted its position for negotiations with the EU. The time is ripe for securing and further developing the success of the bilateral approach: Swissmem supports the Bilaterals III negotiating package. The association for the Swiss technology industry (mechanical and electrical engineering industries and related ...
Zurich (ots) - The downturn in the Swiss technology industry (mechanical and electrical engineering and related technology sectors) that began in the first half of 2023 has intensified in the third quarter of the year. Compared to the same quarter of the previous year, new orders fell by 10.5%, goods exports by 5.5% and sales by 1.5% in the third quarter of 2023. The sometimes very low figures for the global Purchasing ...
Zurich (ots) - Swissmem welcomes today's decisions by the Federal Council: The completion of the exploratory discussions with the EU and the agreement to draft the negotiating position are key milestones in securing the success of the bilateral approach. The Federal Council did not allow itself to get distracted by disruptive actions. The task now is to translate the progress made into successful negotiations in 2024. ...
Zurich (ots) - The Swiss technology industry (mechanical and electrical engineering and related technology sectors) experienced a downturn in the first six months of 2023, with new orders falling by 9.6% overall compared to the same period last year. New orders declined significantly more in the second quarter than in the first (-14.3 % compared to -4.8%). First-half exports also fell, by 1.1%, while sales languished at ...
Zurich (ots) - The approval today of the main points of a negotiating position with the EU is a key stage in securing the bilateral approach. The progress made in the exploratory discussions now needs to be utilized quickly - with a negotiating position by the end of the year and an agreement by summer 2024. With regard to wage protection, a negotiated solution is ...
Zurich (ots) - The business situation in the Swiss technology industry (mechanical and electrical engineering industries and related technology sectors) is currently still good. Both sales (+4.9%) and exports (+2.8%) rose in the first quarter of 2023 compared with the previous year. However, the decline in new orders in the first quarter (-4.8%) and the low worldwide Purchasing Managers' Index (PMI) indicate considerably ...
Zürich (ots) - The performance of the Swiss technology industry (mechanical and electrical engineering and related technology sectors) has improved in the past year. Compared with 2021, sales were up by 9.4%, exports by 5.6%, and new orders received by 2.4%. This partially offset the slump in orders experienced in the third quarter of 2022. For the current year, businesses' expectations are cautiously optimistic. Having ...
Zürich (ots) - Adam Gontarz and Noé Blancpain will be joining Swissmem's Executive Board from 1 April 2023 and 1 January 2024 respectively. Adam Gontarz has been Swissmem's Head of Industry Sectors & Technology since 2014. From 1 April 2023, he will be taking over the Digitalization & Innovation division and at the same time joining the Executive Board. Noé ...
Zurich (ots) - The situation in the Swiss mechanical and electrical engineering industries (MEM industries) is currently still good. Thanks to a strong first half of the year, sales rose by 9.6% in the first nine months of 2022 compared with the same period of 2021, while exports increased by 7.0% and order intake by 2.3%. However, the third quarter of 2022 saw a significant turnaround in order intake, which fell by 12.4% ...
Zürich (ots) - The Swiss mechanical and electrical engineering industries (MEM industries) continued to grow in the first half of 2022. New orders rose by 10.1% year-on-year, sales by 12.1%, and exports by 9.0%. This is only part of the picture, though. Supply chain problems and soaring energy and commodity prices have pushed up production costs significantly in some ...
Zurich (ots) - The Swiss mechanical and electrical engineering industries (MEM industries) are in good shape. In the first quarter of 2022, new orders rose by 11.9% year-on-year, sales by 12.8%, and goods exports by 9.2%. The earnings situation, which had been difficult in the last few years, also eased somewhat. Key indicators suggest further growth. However, rising ...
Zürich (ots) - The vast majority of companies in the Swiss mechanical and electrical engineering industries (MEM industries) were able to benefit from the strong recovery of the global economy in the first nine months of the year. New orders rose by 30.6% year-on-year, sales by 10.5%, and exports by 14.9%. Companies in the MEM industries generally remain positive regarding the outlook for the next 12 months. However, ...
Zurich (ots) - Figures for the first quarter of 2021 released by the Swiss mechanical and electrical engineering industries (MEM industries) show a significant easing: new orders rose by +4.8% compared to the same period last year. Exports were also up, increasing by +3.3%. The key indicators suggest that most of the past year's pandemic-related declines will have been made up by the end of 2021. Margins in the MEM sector ...
Zurich (ots) - The Covid pandemic has seriously impacted the Swiss mechanical and electrical engineering industries (MEM industries). Compared with 2019, new orders received were down by 6.5%, sales by 9.8% and exports by a substantial 11.2%. Relaxations of Covid global containment measures led to a gradual recovery of business in the second half of 2020. Both the PMI trend and companies' expectations give grounds for ...
Zurich (ots) - The repercussions of the coronavirus pandemic have led to a massive decline in the mechanical and electrical engineering industries (MEM industries). In the second quarter of 2020, new orders fell by 19.5% year-on-year, sales by 19.7%, and exports by 24.6%. Overall, the situation in the Swiss MEM industries presents a bleak picture at mid-year, though the impact on individual firms is varying considerably ...
Zurich (ots) - The economic slowdown in key markets for the Swiss mechanical and electrical engineering industries (MEM industries) is having a perceptible impact. In the first quarter of 2019, new orders fell by 5.1% and sales by 1.1% compared with the same period last year. First-quarter exports rose slightly (0.9%). Swissmem anticipates a sideways trend ...