Swissmem is pleased with the growth of business in Switzerland's mechanical and electrical engineering industries (MEM industries). Orders (+2.3%), sales (+2.8%) and exports (+1.2%) all grew last year. The companies are essentially optimistic about their 2014 business outlook. The coming months and years will reveal the extent to which the yes-vote in the referendum on mass immigration will have a negative impact on sentiment in the MEM industries.
