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Swiss machinery orders plunge

This content was published on Mar 6, 2002 Sales dropped last year by 3.4 per cent, while new orders plummeted by more than ten per cent, putting the sector back where it was in 1999. The industry, which employs more than 330,000 people, was also hit by the strong franc. According to Swissmem, the industry’s leading representative body, forecasts for 2002 are expected…