The situation in the Swiss mechanical and electrical engineering industries (MEM industries) is continuing to worsen due to the strong Swiss franc. Pressure on export prices has risen further, squeezing companies’ margins yet again. In the second quarter of 2011, the growth trend in new orders was interrupted for the first time in fifteen months. The worldwide economy is also beginning to slow down. The only thing that would help the MEM industries in the short term is a considerable depreciation of the Swiss franc. Swissmem welcomes the measures taken by the Swiss National Bank, as well as the Federal Council's approach.
