Swiss engineering industry is facing a downturn

Swiss engineering industry is facing a downturn According to Swissmem, the 12% drop in exports to Germany, the industry’s most important single market, is particularly worrying. KEYSTONE / CHRISTIAN BEUTLER The Swiss mechanical and electrical engineering industries and related technology sectors continue to face an uncomfortable situation. However, there are increasing signs that the bottom of the downturn will be reached this year. 4 minutes Keystone-SDA In the first quarter of 2024, member companies' sales and orders fell by 5.4% and 2.3% respectively compared to the same quarter of the previous year. Exports of goods fell by 8.5%, as the…