Stable business in the household appliances sector in the second quarter
Published: Friday, Jul 12th 2024, 17:50
Retour au fil d'actualité
The mood in the household appliance industry hardly changed in the second quarter compared to the previous quarter. There are initial signs of an improvement in the third quarter, as the Swiss Association of Household and Commercial Appliances (FEA) reported on Friday.
The earnings situation in the household appliances sector improved slightly in the months from April to June. A third of the FEA member companies surveyed described earnings as "good", four percentage points more than in the previous quarter. More than half of the companies surveyed by the FEA rated the situation as "satisfactory" and only 15 as "poor".
In contrast, the employment situation deteriorated. Only a third of the companies surveyed described it as "good", compared to more than every second company in the previous quarter. Almost two thirds reported a satisfactory employment situation and 4% rated it as "poor".
Assessments of order intake and the order backlog remained more or less constant. In view of the difficult economic environment, this is a positive development, the press release continues.
Mood brightens somewhat
The FEA companies expect hardly any changes in the third quarter, which has just begun. Eighty-five percent each assess the employment situation, the cost trend in the materials sector and the cost trend in the personnel sector as constant.
26% of companies see improvements in the order backlog. Around 60 percent expect the figure to remain the same and 15 percent expect it to decrease.
One in four companies surveyed also expect an improvement in incoming orders, compared to only 13% in the second quarter. According to the association, the more positive assessment of the order backlog and incoming orders, with hardly any increase in costs, raises hopes for an improvement in the economy.
©Keystone/SDA
French 
English 
German 
Spanish 
Arabic