Downtrend halted – export sentiment picking up again

SME Export Outlook Q3 2019

Sentiment among Switzerland’s export-oriented SMEs is picking up. According to the latest survey by Switzerland Global Enterprise (S-GE) on export sentiment, 49% of all SMEs expect exports to climb in the third quarter of 2019. Meanwhile, the Credit Suisse Export Barometer has edged lower.

SME Export Outlook

Export sentiment has returned to positive territory after the moderate downtrend of recent months. According to the indicators of Credit Suisse and S-GE, global demand for Swiss export goods is likely to continue rising, albeit not on the scale or at the pace seen last year.

Claude Maurer, economist at Credit Suisse, comments: “Demand for Swiss goods and services has stabilised in Europe, but deteriorated slightly in the US. This explains why the Credit Suisse Export Barometer is only marginally above the growth threshold.”

Alberto Silini, Head of Consultancy at Switzerland Global Enterprise (S-GE), adds: “The pick-up in export sentiment reflects the confidence of Swiss SMEs, but the challenges facing international trade remain intact. It is therefore no coincidence that companies are developing their export skills to overcome these challenges. S-GE supports companies in this process by offering expertise, a global network and useful digital tools.”

Further information on the SME export outlook for the third quarter of 2019 can be found in the brochure.

Video statements (in German) on current export sentiment by Claude Maurer, Credit Suisse economist, and Alberto Silini, Head of Consultancy at Switzerland Global Enterprise.

The SME Export Outlook for the fourth quarter of 2019 will be published on 10 October 2019.



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