Good morning and welcome to the last Friday Brief before the General Election.
The MTA are hosting a clay pigeon shoot networking event at Doveridge Clay Sports in Ashbourne on 21st May, this is you last opportunity to sign-up, so if you would like more information please email Taylor Mander in the MTA office firstname.lastname@example.org.
UK Trade & Investment stand at International Energy exhibition and conference ENERGA in Tuzla, Bosnia and Herzegovina, 9-12 June 2015. Anyone who is interested in joining UKTI for this event should email Emir Sabic email@example.com for more details.
We would like to say congratulations to 600 UK who were awarded silver at prestigious national manufacturing awards.
There are a few conferences coming up in the next few months that we would like you to know about the 10th Annual Conference on Additive Manufacturing and 3D Printing 7th – 9th July takes place at The Nottingham Belfry. And there is another 3D Printshow in London between the 21st – 23rd May, at Old Truman Brewery. MTA members are able to use a special discount code to gain entrance to the first day of the event for free, more details below.
Plans for a huge advanced manufacturing campus which could employ 1,800 people on the former Sheffield City Airport have been submitted by the University of Sheffield. The proposal is for 1.3m sq ft of buildings on the site - now Sheffield Business Park - beside the Parkway between Rotherham and Sheffield.
There are a couple of things to pick up on, with the general theme of needing to look beyond the overall headlines (as is often the case). For the PMI numbers, the overall UK data still points to growth for manufacturing as a whole and for investment goods in particular, although the pace is slower and the sector is clearly facing some headwinds caused by the weakness of the euro, especially in competing in our largest export market in Europe. For those for whom the intermediate goods sector is important, this is suffering from the weakness in construction that was reported in the first estimate of UK GDP which was released earlier this week; many of the headlines also picked up on a downturn for “production” output, but this was only marginal and was caused by another significant fall in the extraction industries - manufacturing was up, although only marginally, and we will have to wait a couple of weeks for the detailed figures to see the trends for the individual industries that make up the sector. Finally, the latest CBI Industrial Trends Survey also pointed to a weakening of investment intentions for manufacturing, but only back to around the overall long-run average level, so while it is not necessarily good news, it is not a disaster either and it remains to be seen if this is a real trend or just a reflection of some pre-election jitters.
That’s all for this week, have a fantastic Bank Holiday weekend from everyone at the MTA.