ZURICH May 19 Swiss electrical and mechanical
engineering industry group Swissmem expressed optimism on Friday
about prospects for a longer-term recovery after orders and
sales of member companies rose in the first quarter.
Swissmem, whose members include power grids maker ABB
and pump maker Sulzer, said the sector's new
orders increased by 2.3 percent in the first three months of
2017, while sales rose 9.5 percent. Exports rose 3.9 percent
from the year-ago period.
"Companies’ positive expectations, good economic forecasts
in the key sales markets and the recent slight fall in the Swiss
franc raise hopes of a longer-term recovery," Swissmem said.
(Reporting by John Miller; Editing by Michael Shields)