(17.07.2024) Exporting SMEs are feeling optimistic again. The Switzerland Global Enterprise export expectations barometer climbed to 62.8 points in the second half of 2024, an increase of 11.2 points from the previous semester.
These forecasts reflect a significant boost in exporters' confidence in international trade. Six months ago, SMEs anticipated a stagnation just above the growth threshold of 50 points.
Half of the surveyed companies expect an increase in exports for the second half of the year, while only a small minority (12%) foresee a decline. According to the study's authors, the sharp rise in orders has undoubtedly brightened the export outlook.
Despite these positive economic signs, Swiss exporting companies continue to favor stable markets such as Europe and the United States over new markets. Four out of five companies have established partnerships with Germany, which remains Switzerland’s leading trading partner, followed by France, Italy, and the United States. China ranks only eighth.
Ongoing concerns about energy prices, the shortage of skilled labor, and increasing geopolitical tensions contribute to the cautious stance of these organizations. The relationship between Switzerland and the European Union, the standoff between the United States and China, the conflict in the Middle East, and the rise of protectionism are all sources of uncertainty for many Swiss SMEs.
Last modification 17.07.2024
