As Sascha Jucker, Credit Suisse economist, says: “The positive development expectations are largely thanks to the upturn in industrial production in the USA and Europe. Emerging markets such as the BRIC countries are set only to make a small contribution to export growth despite the fact that industrial production in China should now have bottomed out.”
Alberto Silini, Head of Consulting at Switzerland Global Enterprise (S-GE), adds: “Although many exporting SMEs are still suffering from high margin pressure, the signs in export are pointing to growth again. This gives us hope that SMEs will not be discouraged and will continue to seek their opportunities throughout the world as many still need to reduce the cluster risk that the European markets pose for their export portfolios.”
Video statements 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 third quarter of 2017 will be published on 18 July 2017.