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 ...