While there are isolated signs of initial stabilization: MEM exports have been growing for the third consecutive quarter, and the Purchasing Managers' Index (PMI) exceeded the growth threshold in March for the first time since the end of 2022. However, there can still be no talk of a sustainable recovery.
Order levels remain the biggest concern for companies at 60 percent. At the same time, pressures from exchange rate fluctuations and rising energy prices have increased significantly. About four out of ten companies recorded declining EBIT margins in the first quarter of 2026. Despite the difficult situation, many companies are keeping their staffing levels stable and continue to secure their production with short-time work and targeted efficiency measures.
The investment situation also remains tense. 24 percent of companies report being unable to invest due to financial restrictions, with a lack of equity being the main reason. Meanwhile, the majority of companies plan to keep their production capacities constant.
For the first time, the Swissmechanic Economic Barometer is examining the use of artificial intelligence in the MEM sector. 52 percent of companies are already using AI in some form - primarily in administrative and communicative areas. At the same time, the survey shows that many companies are still uncertain about specific applications and benefits.
Swissmechanic President Nicola Tettamanti says: 'Our companies have been demonstrating great resilience for a long time. Despite ongoing pressure, many companies secure jobs, invest strategically, and maintain their production in Switzerland.' Swissmechanic Director Erich Sannemann adds: 'Stabilisation at a low level must not be mistaken for a recovery. Export-oriented MEM-SMEs, in particular, need reliable framework conditions and more planning security.'
Media Contacts
For questions and information, please contact:
- Erich
Sannemann, Director Swissmechanic, e.sannemann@swissmechanic.ch, T: +41 71 626 28 45, M:
+41 79 661 44 78 (German)
- Nicola Roberto Tettamanti, President Swissmechanic, nicola.tettamanti@tecnopinz.com, +41 91 946
40 70, +41 79 419 01 14 (Italian, French and German)
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