MEM industries: Between hope and fear
Zurich (ots) - The Covid pandemic has seriously impacted the Swiss mechanical and electrical engineering industries (MEM industries). Compared with 2019, new orders received were down by 6.5%, sales by 9.8% and exports by a substantial 11.2%. Relaxations of Covid global containment measures led to a gradual recovery of business in the second half of 2020. Both the PMI trend and companies' expectations give grounds for ...