Swiss engineering sector optimistic that pandemic gloom is receding [Reuters]
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Source: Reuters
see revenue return to pre-pandemic levels in the second half of this year, an industry group said on Thursday. The business environment improved further in the first quarter as vaccinations are on the rise in Western countries and the world increasingly looks beyond the pandemic, Swissmem said. Its members include ABB, Schindler and the Swiss operations of German-based Bosch, among dozens of other companies. “I'm pleased the positive trend is continuing that had already emerged at the end of 2020,” Swissmem director Stefan Brupbacher said in a statement. “The most important indicators show that revenue could reach pre-crisis levels in the second half of 2021.” Some 57% of the group's members expect rising orders from beyond Swiss borders over the next 12 months. Just 8% of chief executives at member companies see falling orders, Swissmem said. Orders are expected to increase in some of Switzerland's biggest markets, including neighbouring Germany as well as China and the U
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