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Newsletter Listing intro for week 36

Good morning and welcome to the Friday Brief.

Firstly we are very pleased to announce that our annual forecasting seminar will be taking place at the University of Wolverhampton, Science Park. Spaces for this event are strictly limited so act fast to secure your tickets.

Place are filling up fast for the MTA’s Annual Members' Golf Day which takes place on Wednesday 16th September 2015 at  Warwickshire Golf & Country Club. Head over to www.mta.org.uk/annual-mta-members-golf-day-2015 book your space today.

We have extend the deadline for our EU Referendum survey as many of you have been enjoying your summer break. Please take the time to fill out this survey before the end of September to help us represent the view point of you, our members, and the survey can be found at www.mta.org.uk/eu-referendum-survey.

UK Trade & Investment (UKTI) are holding a London based seminar on Doing Business in China: Overcoming Language and Culture Barriers. This takes place Tuesday, 8 September 2015 from 12:30 to 18:00, for further details see the story below.

This months’ reading from the Purchasing Managers Index (PMI) around the world were mostly weaker than in July, although there remains a mixture of countries both above and below the 50 level that marks the boundary between expansion and contraction;  There is no real pattern to this with, for example in Asia, China weak and dragging Korea and Taiwan with it, but Japan and India still positive and in the Americas, Mexico and the US are positive while Canada and, especially Brazil are weak, although in this case the divergence may be explained by the importance of industrial commodities to the relative economies.  In Europe, although most countries saw a slip in the PMI reading compared to July, most are also still positive and there was an improvement in Germany.  There is a little more good news on Europe from the latest survey from CECIMO which shows an improvement in sentiment among machine tool manufacturers and an increase in expectations about production, although export prospects weakened slightly.

Thank you for reading have a great weekend from everyone at the MTA and we’ll be back next week.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

PMI, UK and Euro-zone, June 2015:  The Purchasing Managers Index (PMI) for the UK edged lower in August to stand at 51.5 (from 51.9 in July).  While it is important that this is still indicating expansion of the sector as a whole, albeit at a modest pace, a chart in the market News Release shows that this is being sustained by the consumer goods industries, with the PMI for the investment goods industries below 50 (but they do not give the actual level of the index).  August saw a modest upturn in production and although total orders are also still growing, this is coming f

MTA members attend Buckingham Palace for Queens Award for Enterprise Reception

MTA members attend Buckingham Palace for Queens Award for Enterprise Reception

As reported back in April, three MTA member companies received the prestigious Queen’s Award for Enterprise. Holroyd Precision, Renishaw PLC and Unison were amongst more than 100 British businesses to have received a Queen’s Award to recognise their contribution to enterprise.

To mark the occasion all the winners were presented with a crystal bowl as a mark of their achievement and were invited to a reception at Buckingham Palace in July 2015 which marked the 50th anniversary of the awards.

Doing Business in China: Overcoming Language and Culture Barriers

Doing Business in China: Overcoming Language and Culture Barriers

UK Trade & Investment (UKTI) London

Tuesday, 8 September 2015 from 12:30 to 18:00 (BST)

London, United Kingdom

At this event delegates will receive information on how to do business with China, learn to use basic Chinese and will get a greater understanding of how to negotiate with the Chinese, all delivered by experts from with the London School of Economics and the Confucius Institute for Business Language.

EU Referendum survey

EU Referendum survey

As many of you have been away, we are keeping the EU Referendum survey open until the end of September. A referendum on the UK’s continued membership of the EU was an important part of the Conservative’s manifesto at the last election and the Government has already legislated for it to take place in the first half of this Parliament, although the exact timing remains to be decided.

MTA Forecast Seminar

MTA Forecast Seminar

The MTA’s annual Forecast Seminar will be held on the 3rd of November at the University of Wolverhampton. The seminar is one of highlights of the MTA’s calendar and is always well attended with places available to MTA members on a first come-first served basis. As well as the MTA’s very own Geoff Noon, participants in the Seminar will hear from Oxford Economics’ Jeremy Leonard on the prospects for the wider industrial economy and the ebullient and always very popular Andrea Boltho will talk about the state of the world economy.