Welcome to the Friday Brief for 1 August 2014.
The Purchasing Managers Index (PMI) for the UK was released this morning giving a reading of 55.4 for July (57.2 in June). However, this cannot really be regarded as anything other than strong given that the 1st half of the year saw growth at an almost unprecedented rate. Production and new orders continue to grow at rates well above their long-run average, generating in turn a further expansion in employment in the sector.
The news from the Euro-Zone is also positive with the index running at modestly positive levels for the 13th consecutive month. The one downside is the weakness in France where the index fell to its lowest level for 7 months.
We have news of new sanctions on Russia that the European Union has agreed this week. The measures will effect new contracts and come into force today, 1 August.
There are details this week of the first of the regional competitions in the Insider Made in the UK Awards. The winners of the regional competitions will automatically qualify for the Made in the UK Awards 2015 which will be taking place next summer. Nominations for this year’s Made in the North East Awards close on 6th August and for the South East Awards 15th August. We have further details and links to the application forms in this week’s Brief.
We have further details of the annual MTA Members Golf Day. This popular event will be held on 24 September 2014 at the scenic Hellidon Lakes Golf & Spa Hotel, Daventry, Northamptonshire. Only 20 teams can take part so don’t delay selecting your team and making an application.
Those attending IMTS in Chicago will be interested to know that for MTA members attending the TRAM conference 10-11 September during the Exhibition an exclusive discount of 20% off the fees has been negotiated. The conference will focus on advanced machining processes to produce more complex parts for aircraft structures and engines, and will also be relevant to other industry sectors. We have further details of the conference in the Brief.
This year’s AMRC-NAMTEC conference will take place on Thursday 16th October 2014 at The Queens Hotel, Leeds. The conference will look at the latest advances in traditional net shape manufacturing processes such as casting, forging and forming, plus recent developments in powder metallurgy techniques. A link to the application form is included in this week’s story.
We have news that UKTI Emerging Europe is offering two nights’ accommodation and access to networking events in connection with the GREAT Energy Summit in Prague 22-23 October 2014. The event will cover all aspects of energy, with a focus on nuclear, oil & gas, low carbon and advanced engineering opportunities across the Eastern European region. Further details are in the Brief.
We also have news of the purchase of Atkin Automation by the Rhodes Group.
Have a good weekend.