Home Media Corner Media Releases MEM industries: pressure on margins persists
Contact Person  Noé Blancpain Noé Blancpain
Head of Communications and Public Affairs
+41 44 384 48 65 +41 44 384 48 65 n.blancpainnoSpam@swissmem.ch

The Swiss mechanical and electrical engineering industries (MEM industries) grew new orders and exports during the first quarter of 2011. However, sales lagged behind by a considerable amount. The strong Swiss franc is exerting pressure on export prices – sometimes hugely so – thereby squeezing companies’ margins. Swissmem fears that the negative effects of the strong franc on Switzerland as a centre of industry and research will intensify during the year.

Last update: 23.05.2011