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(AWP) Swiss Engineering, Electrical and Metal Industries (MOM Industry) are doing better. However, there has been a slowdown in growth. For instance, sales increased over the third quarter. New orders went down.
The Swiss industry has announced a growth of 8.5 per cent over the corresponding quarter of the previous year. The order decreased by 6.0%. Swissmem indicates the idea of a break in the growth trajectory. Swiss is expected to expand business in the months ahead and in the major markets of the Memorandic industry, the smallest cold of the economy, the Association writes.
Using the above average capacity
However, according to Swiss, the companies are still very busy. The use of 91.2% in the third quarter was more than 86.4% over the long term. According to the Economic Research Center of the U.S. Survey, KOOF, it was 92.1 per cent in October.
Good business development has impacted employment opportunities in the Smriti industry. According to the announcement, the number of workers increased from 5,300 in the first half to 317,500.
Swiss Memrs rose 13.6 percent in the first nine months. Plus 13.1% in the order. In the first nine months of the year 2018, exports to the sector grew by 6.1 percent to 51.7 billion dollars.
The sales of the US market increased 10.8 percent. 6.9 per cent more was exported to the European Union. Exports to Asia rose by 0.9 per cent.
Expect Swimmele
Swissem is somewhat less optimistic than business development. "Business development in the memory industry is strong, but I believe that there will be significant progress in the coming months due to economic development," said Swiss Hans Hess, Swiss President.
This assessment is consistent with the expectations of the companies. According to the Swissme survey in October 2018, 49 per cent of companies are expected to make regular orders within the next 12 months. Before all, orders 30% increase in orders. However, the number of people who are likely to lose their orders has increased from 13 to 21 per cent.
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