Home Media Corner Media Releases MEM industries: still no recovery in sight
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

MEM industries: still no recovery in sight

The market situation facing the Swiss mechanical and electrical engineering industries remained difficult in the third quarter of 2009. Both sales (-24.4%) and orders (-18.5%) were substantially lower than in the same period last year. Even though the order situation appears to have been gradually stabilizing at a low level in recent months, the future still looks uncertain from the current perspective. Member companies’ assessment of the markets is slightly less negative than it was, but a rapid recovery should not be expected in view of the persisting low level of global demand.

Last update: 11.11.2009