Bloomberg News

Swissmem Industry Group Says Franc Won’t Be Weakening This Year

February 24, 2012

Feb. 23 (Bloomberg) -- The Swissmem industry group doesn’t expect the Swiss franc to weaken versus the euro in 2012 as the euro-area crisis is likely to persist, the lobbying group said.

Many firms in the machinery and engineering sector will see their margins erode further this year, Swissmem said in a faxed statement today.

--Editor: Paul Verschuur

To contact the reporter on this story: Klaus Wille in Zurich at kwille@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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