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Franc exchange rate boosts export sentiment

SME Export Outlook Q4 2017

The positive export sentiment is also continuing for the fourth quarter of 2017: Export-oriented Swiss SMEs are viewing the future with great optimism. According to the latest survey on export sentiment by Switzerland Global Enterprise (S-GE), almost 60% of all SMEs expect exports to continue to rise in the fourth quarter of 2017. Half are planning an international expansion drive for 2018. The Credit Suisse Export Barometer remains well within the growth zone. Export growth should gain further momentum in the next few months. The positive currency effects are exerting a significant influence on export activities. Over half of the companies surveyed expect increasing margins thanks to the exchange rate development.

SME Export Outlook

Sascha Jucker, Credit Suisse economist, says: “The positive sentiment in manufacturing has risen again recently in the two key sales markets of Germany and the US. The PMI values (Purchasing Managers’ Index) in both markets are above the very high 60-point threshold.”

Alberto Silini, Head of Consulting at Switzerland Global Enterprise (S-GE), adds: “Export sentiment is very good and the outlook in particular and the higher margins are permitting more investment again. Swiss goods and services are in strong demand abroad. SMEs planning to venture into the export business or wishing to tap new markets should seize the opportunity today as now is the perfect time for this. We at S-GE have the requisite expertise and are happy to support SMEs in selecting and preparing to enter the right market.”

Video statements (in German) on current export sentiment by Sascha Jucker, Credit Suisse economist, and Alberto Silini, Head of Consulting at Switzerland Global Enterprise:

The SME Export Outlook for the first quarter of 2018 will be published on 25 January 2018.

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