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2024

Outlook for Swiss exports brightens

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The outlook for the Swiss export industry brightened slightly in October. However, the further development depends on external factors. The semi-annual Allianz Trade Export Forecast stood at -0.12 points in October, an improvement of 0.35 points. The multi-year low of -1.4 points from the end of 2022 is now a distant memory, Allianz Trade announced on Thursday. + Get the most important news from Switzerland in your inbox "It appears that most Swiss export companies are in a good position," said Jan Möllmann, CEO of Allianz Trade Switzerland, on the index. The drivers of the improvement in Switzerland were air freight and the financial markets. However, Möllmann was only cautiously optimistic about the future, as developments depend heavily on the global economy and geopolitical factors. According to the report, industrial production continues to decline in all sectors worldwide. This is weakening demand for Swiss goods. In addition, the Swiss franc remains strong and is making ...