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Friday Brief Archive

2019

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Newsletter Listing intro for week 44

Welcome to the Friday Brief for week-ending 1 November.

Economic news this week was encouraging with the preliminary estimate of UK GDP for the 3rd quarter showing a growth of +0.8% compared to the 2nd quarter; the fastest quarter-on-quarter rate for 3 years.  Within overall GDP, all the major sectors of the economy are estimated to have seen quarter-on-quarter growth with, most importantly for the manufacturing technologies sector, manufacturing expanding at +0.9%, the same rate of growth as in the 2nd quarter of the year.
Another Friday Brief story highlights the improvement in confidence reported from the European engineering industries.
The MTA’s 2014 Manufacturing Industry Awards represents an outstanding opportunity to showcase your company’s achievements and/or the potential of one of your young engineers. The Awards will be presented during the MTA Annual Dinner at the ICC Birmingham. Ticket sales for the dinner are very strong so shortlisted entrants will be assured valuable publicity in front of a large audience drawn from across UK manufacturing. Businesses are alerted to the deadline of 29 November for submitting entries and a link to the entry details is included in this week’s Friday Brief story. Categories include: Best Supplier Partnership, Best Training Scheme and Young Engineer of the Year. Applications for the AMTRI scholarship are also welcomed.

We also have news this week of an important new study of the challenges small and medium sized businesses (SMEs) face in obtaining bank finance. The report, entitled Bank Finance Lost in Translation, builds on a 2012 study commissioned by Kingston Smith LLP from the University of Surrey into SME success factors. Amongst the key findings from the latest Report are that SMEs are often unaware of banks’ lending criteria! The report contains useful guidance and is linked to this week’s Friday Brief story.
A final note for your diaries: the 4th of December will see the MTA AGM at Gaydon Heritage Motor Centre. We’re delighted that this year we will be joined by Professor Sir Mike Gregory, Director of the Institute for Manufacturing at Cambridge University, who will share his thoughts on the challenges manufacturing faces in the 21st Century. See this week’s story for registration details.
Have a good weekend.

Leader CNC Open House

Leader CNC Open House

Leader CNC is holding an Open House on the 5,6,7 November at its Nuneaton, Warwickshire  showrooms. On show will be the latest in horizontal and 5 axis technology as well as turning solutions.
Visitors will be welcome to drop in between 0900 and 1800 on the 5 and 7 and between 0900 and 2100 on 6 November. Refreshments will be available.
Please register in advance by emailing your preferred visit date to: mike@leadercnc.co.uk
 

Royalty and the MTA's AGM

Royalty and the MTA's AGM

A formal drive past inspection from a member of the Royal Family cannot be guaranteed but a thought provoking address from Professor Sir Mike Gregory is promised following the MTA’s AGM at the Gaydon Heritage Motor Centre on 4th December.

Doing business in India

Doing business in India

In line with UKTI Trade Challenge Partner Initiative’s aim of helping UK companies exporting, the UKIBC have launched a free video event which addresses the questions frequently asked by UK companies looking to do business in India.

These topics are discussed by our experts and panelists and include questions such as:

• Is India an attractive market?
• Is it right for your business?
• How can I enter India?
• What are the regulations?
• What is the best route for me to enter India?

Euro engineering confidence

Euro engineering confidence

Orgalime, the pan-European organisation for Mechanical Engineering, of which MTA is a member, has published its latest economic outlook.  For the first time in several years they are prepared to be optimistic about the future.  Of course covering, as it does the whole of the EU, Orgalime is heavily influenced by the still struggling economies of Southern Europe, but it is encouraging to note that even here confidence is clearly picking up and expected to feed through into real progress in the medium term.

Economic data

Economic data

PMI, UK and Euro-zone, October 2013:  The Purchasing Managers Index (PMI) for the UK remained very strong with the October reading at 56.0;  Markit, which produce these reports, comment that both production and new orders rose at rates above their respective long-run levels and that this has led to further job creation in the sector.  The home market was the main driver of increasing new orders, but there was also acceleration in new export business as conditions improve in the global market.

Helping SMEs apply for bank finance

Helping SMEs apply for bank finance

Business advisers Kingston Smith LLP released this week an important new study of the challenges small and medium sized businesses (SMEs) face in obtaining bank finance. The report, entitled Bank Finance Lost in Translation, builds on a 2012 study commissioned by Kingston Smith LLP from the University of Surrey into SME success factors.

Economic data this week

Economic data this week

UK Manufacturing Output, 3rd Quarter 2013:  The latest data released by the Office for National Statistics (ONS) confirms the generally positive outlook for the UK which has come from the PMI readings in recent months.  Manufacturing output as a whole increased by +0.9% compared to the 2nd quarter of the year and but was only +0.1% higher than in the 3rd quarter of 2012;  however, this does mean that the dip in manufacturing output that we have seen over the past year has now been reversed and, hopefully with the strong PMI data, the sector will kick-on in the final part of