Swissmem

http://www.swissmem.ch

19.11.2024 – 08:30
Tech industry: downturn continues
Zürich (ots) - The situation in the Swiss tech industry (mechanical and electrical engineering industries and related technology sectors) remains challenging. In the first nine months of this year, sales were down 4.2% compared with the same quarter of the previous year, with goods exports and new orders declining by 3.6% and 0.3%, respectively. The primary factor behind this situation is economic weakness in the EU and, in particular, Germany. Key indicators do not point ...
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27.08.2024 – 10:00
Technology industry recovery delayed
Zurich (ots) - The Swiss technology industry (mechanical and electrical engineering industries and related technology sectors) is currently not making any headway. In the first half of 2024 - and compared with the prior-year period - sales were down 5.1%, order intake declined by 3.3% and goods exports were 4.5% lower. The Purchasing Managers' Index (PMI) for the industry is at a very low level in most European markets; ...
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07.08.2024 – 09:21
Another franc appreciation shock - SNB and politicians called on to act
Zurich (ots) - After a breather, the Swiss franc has appreciated again sharply against the euro since mid-July. The temporary strength of the Swiss currency had already had a major impact on Switzerland's technology sector (mechanical and electrical engineering industries and related technology sectors) at the end of last year. This renewed exacerbation has come at a ...
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25.06.2024 – 12:18
NextGen Industry: Bilaterals III and the role of artificial intelligence - focus topics for the 17th Swissmem Industry Day
Zurich (ots) - More than 1,000 leaders from industry, politics and science accepted the invitation to the Swissmem Industry Day at Kursaal Bern. On this key occasion for the Swiss tech industry, Swissmem President Martin Hirzel called for a return to a pragmatic economic policy in order to address the formation of ...
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09.06.2024 – 12:51
Swissmem welcomes the clear YES to the Electricity Act
Zurich (ots) - The association of the Swiss technology industry is pleased at the Swiss electorate's clear approval of the Electricity Act. It will make a key contribution to a secure, environmentally friendly and economically viable electricity supply, and the companies in the technology industry are counting on it. Swissmem supports the rapid expansion of all CO2-free electricity-generation technologies. However, ...
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22.05.2024 – 08:00
Tech industry: bottom of the downturn in sight
Zurich (ots) - The business situation in the Swiss tech industry (mechanical and electrical engineering industries and related technology sectors) remains challenging. In the first quarter of 2024, goods exports declined by 8.5%, sales by 5.4% and new orders by 2.3% compared with the same quarter of the previous year. However, there are now more and more signs that the bottom of the downturn will be reached this year. ...
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10.03.2024 – 10:17
Free trade agreement with India - huge opportunity for the Swiss tech industry
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 ...
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29.02.2024 – 10:11
Despite initial glimmers of hope: the dry spell in the tech industry continues
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 ...
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15.12.2023 – 15:18
Bilaterals III: Swissmem welcomes decision on negotiating position
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 ...
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16.11.2023 – 08:30
The industrial recession has reached the technology industry
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 ...
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08.11.2023 – 14:32
Swissmem supports key step to securing bilateral agreements
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. ...
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29.08.2023 – 10:00
Technology industry: Dark clouds are gathering
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 ...
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21.06.2023 – 16:13
Securing the bilateral approach: Swissmem welcomes the Federal Council's decision
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 ...
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16.05.2023 – 08:30
Technology industry: subdued outlook for 2023
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 ...
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01.03.2023 – 10:00
Technology industry: better than feared and cautiously optimistic
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 ...
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28.02.2023 – 10:15
New Swissmem Executive Board members: Adam Gontarz from April 2023 and Noé Blancpain from 2024
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 ...
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17.11.2022 – 08:35
The downturn has now reached the industrial sector
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% ...
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30.08.2022 – 10:00
Swissmem media release: MEM industries: gratifying order situation - substantial risks
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 ...
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23.05.2022 – 05:00
MEM industries: numerous risks dampen the joy arising from the current good situation
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 ...
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18.11.2021 – 08:30
MEM industries: strong demand but greater uncertainty
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, ...
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20.05.2021 – 08:00
MEM industries: new orders above pre-crisis level
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 ...
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24.02.2021 – 10:00
MEM industries: Between hope and fear
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 ...
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26.08.2020 – 10:00
MEM industries: Massive drop in sales and new orders
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 ...
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14.05.2019 – 10:01
Sideways business trend in the MEM industries
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 ...
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