Tuesday, 02 January 2024 12:17 GMT

Swiss Mechanical Firms Struggling Since Before Trump


(MENAFN- Swissinfo) Swiss mechanical engineering companies are considered to be one of the main victims of US President Donald Trump's high tariffs. However, the industry has been struggling for years, according to a survey by the Federal Statistical Office (FSO). This content was published on September 8, 2025 - 12:20 2 minutes Keystone-SDA
  • Deutsch de Maschinenbauer kämpfen nicht erst seit Trump mit schwachem Wachstum Original Read more: Maschinenbauer kämpfen nicht erst seit Trump mit schwachem Wachstu

+Get the most important news from Switzerland in your inbox

Between the second quarter of 2015 and the second quarter of 2025, the sector recorded sales growth of just 11.2%, according to a press release issued by the FSO on Monday. The secondary sector as a whole grew significantly faster at 32.3% over the same period. This difference of over 20 percentage points shows the“structural challenges” facing the sector, the statisticians conclude.

+ Swiss engineering industry is facing a downturn

This also had an impact on employment. While the secondary sector has recorded employment growth of 3.3% over the past ten years, mechanical engineering has suffered a decline of 2.9%, according to a statement.

Nevertheless, the trend was no longer so clear-cut last year. Mechanical engineering was able to increase turnover by 0.7%, while the secondary sector shrank by 1.2%. However, according to the data, the negative trend in employment continued, with a sharp decline of 3.5% in mechanical engineering compared to a moderate fall of 0.4% in the secondary sector as a whole.

+ How the new US tariffs are already impacting the Swiss economy

Translated from German by DeepL/ts

We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A journalist then reviews the translation for clarity and accuracy before publication.

Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.

If you have any questions about how we work, write to us at ...

Related Stories Popular Stories More Swiss Politics Blatten: what price for preserving Swiss mountain life? Read more: Blatten: what price for preserving Swiss mountain life

MENAFN08092025000210011054ID1110032686

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search