Welcome to the Friday Brief for 8 August 2014.
The latest data on manufacturing output released this week shows a broadly steady picture for the sector as a whole, with the capital goods industries collectively running slightly ahead of total manufacturing. However, the underlying picture is mixed with the automotive sector growing strongly, aerospace apparently levelling off following its small dip earlier in the year, while both machinery and metal products are down slightly on the previous quarter but above the level of a year ago.
If you want the latest view of the economic prospects for the manufacturing technologies sector going forward then make a note to attend the MTA’s annual Forecast Seminar. This year’s event will be held on Thursday 23 October at the premises of Iscar Tools at Bartley Green, near Birmingham. Make a note in your diary and look out for booking details which will be released in early September. There is also a reminder in this week’s Brief to return your entries for the next MTA Business Survey. Your participation is appreciated as it will help build up the best possible view of what is happening in the manufacturing technologies sector in the UK.
We have further details of new sanctions on Russia that the European Union has agreed. The measures are now in force and fall into three areas: firstly, financial sanctions imposed on five state owned Russian banks to prevent them accessing EU primary and secondary capital markets; secondly an arms embargo and ban on dual-use goods against Russia for military end-users; and thirdly a prohibition on the export of certain goods to Russia for use in Arctic oil fields, deep-water and shale oil exploration and production. The aim is to inhibit the country developing further extractive capability.
This week saw the official launch of the UK’s commemorations to mark the centenary of the start of The First World War, with events across the country. The Tower of London, the home of the Royal Regiment of Fusiliers with which the MTA has close links, is the venue for a striking installation with the moat being progressively filled over the next weeks by volunteers placing 888,246 ceramic poppies. There are full details of how you can contribute 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 making an application.
There is news in the Brief of three new members joining the MTA this week, namely: Amada UK Ltd; Phase 3 CNC Ltd and MJ Allen. We welcome them all to the Association.
Finally, we have notice of an introduction to composites event being hosted by NAMTEC alongside the AMRC’s Composite Centre. The event will be held at the AMRC Knowledge Transfer Centre, Rotherham on 17 September.
Have a good weekend.