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Friday Brief Archive

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Newsletter Listing intro for week 31

Welcome to the Friday Brief.

The good news this week is that the Purchasing Managers Index (PMI) for the UK leapt to a 28-month high with growth rates for both production and new orders at their highest since February 2011. Analysis of the returns shows that manufacturers reported new export business rising at the fastest pace for two years, building on further new contract wins in the UK.

For most of the main economies in Europe the trends are similarly positive, with the main exception being Spain. However, analysis of similar data from markets in Asia, principally China, South Korea and Taiwan, saw trends weaken compared to the June levels.

The MTA conducts its own Business Survey with the July edition now open. The Association relies on members contributions to make the Survey as representative as possible. You can access the on-line form at http://www.mta.org.uk/mta-business-survey-july13; even if you can’t (or would rather not) answer all the questions, you can still contribute towards the overall picture of the sector - please try to do this by Friday 9th August.

Other news this week leads with an invitation to a Department of Business, Innovation and Skills funded master class in helping your business to grow. The event will be held at the MTC in Coventry on 13 August so act now to secure your place. Businesses considering opportunities in the fast growing market of Brazil should apply to join a UKTI/CBI organised trade mission to the country in December. We have further details.

This week’s brief has details of two conferences with imminent application deadlines. The first will be held during EMO in Hannover and will consider improving product efficiencies. Members with an interest in robotics should check out a conference on the latest industrial applications to be held in Toulouse later this year.

We also have news of the introduction of employment tribunal fees and the possible implications for employers. Finally, it’s time to improve your swing with the Annual MTA Golf Day looming in September; full details as always are in the Brief.

Have a good weekend.

Foreign Exchange Report

Foreign Exchange Report

This week’s report from RationalFX points to minimal movements on the currency markets especially for the Pound at the end of last week, although the US Dollar’s position against Sterling strengthened slightly as US consumer confidence surprises the markets with an unexpected increase.

Tribunal fees

Tribunal fees

Employers need to beware of “pay-off culture” as the Government introduces fees for employment tribunals.
The fees are being introduced to discourage spurious claims brought to tribunal and limit the financial impact on the tribunal service. Andrew Willis, Head of Litigation at Croner, says the move, when combined with the introduction of confidential termination negotiations, may encourage employees to expect a pay-off.   

Improving product efficiency

Improving product efficiency

CECIMO will be organising a green manufacturing conference during the EMO exhibition  on Friday, 20 September. The conference is on two FP7 research themes:

EMC2-Factory – actually nothing to do with electromagnetic compatibility, this is about green, sustainable and efficient production

DEMAT – on Dematerialised Manufacturing Systems, this considers natural resources involved in the products' life-cycle. It literally means the use of less materials.

Trade mission to Brazil

Trade mission to Brazil

UKTI and CBI are working in partnership to organise a trade mission to Brazil, 2-6 December, targeted at Mid-Sized Businesses (turnover from £10M to £500M). This high profile visit follows similar successful ministerial missions to Turkey and Russia, and forms part of our strategy to develop business in key growth markets.
Join us to access the latest business opportunities, for example major public-private partnership investment projects, the FIFA World Cup and Olympic Games.

Free master class

Free master class

A business Innovation Masterclass funded by the Department of Business, Innovation & Skills (BIS) and delivered through GrowthAccelerator will take place on 13 August at the Manufacturing Technology Centre, Ansty Park, Coventry. Early registration is recommended.

Economic data this week

Economic data this week

PMI, UK and Euro-zone, July 2013:  The Purchasing Managers Index (PMI) for the UK leapt to a 28-month high of 54.6, up from a revised figure of 52.9 for June.  The growth rates for both production and new orders were at their highest since February 2011 and although the home market remained the prime source of new contract wins, manufacturers also reported solid demand from overseas with new export business rising at the fastest pace for two years.  The PMI is an aggregated index based on trends for new orders, output, employment, suppliers’ delivery times and stock of items purchas