The situation in the Swiss tech industry is becoming more and more dire. While new orders came in increasingly sparsely in the third quarter, exports of goods and sales also fell.

The downturn that began in the first half of 2023 worsened in the third quarter, Swissmem said in a press release on Thursday. “The industrial recession has reached the tech industry,” summarized the organisation.

From July to September, incoming orders fell by 10.5% compared to the same quarter of the previous year. Over the entire first nine months, orders fell by 9.9%. ...