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.