Monday, March 27, 2023

SMEs optimistic despite economic weakness

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export economy

Despite the economic slowdown, SMEs remain confident

The mood among small and medium-sized Swiss companies (SMEs) remains optimistic despite the weakening economy. For the coming six months, more SMEs are still expecting further export growth than a slump in exports.

The majority of Swiss companies that also export their goods abroad are optimistic about the current first half of 2023. (icon picture)

This is the conclusion of the SME export prospects published on Thursday by the export promotion Switzerland Global Enterprise (S-GE) and the major bank Credit Suisse (CS). Specifically, the export sentiment surveyed by S-GE is 60.5 points and thus still well above the growth threshold of 50. In the summer of 2022, however, this value was still 66.6 points.

The export barometer surveyed by CS, which shows foreign demand for Swiss products, is only slightly above the growth threshold at 0.07 points. Last summer, this value was still 1.49 points.

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