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Newsletter Listing intro for week 45

Good morning and welcome to this week’s Friday Brief.

This week saw the annual MTA Forecast Seminar at which we released our new forecasts for the UK machine tool and cutting tool markets, as well as the autumn edition of the Global Machine Tool Forecast.  The overall outlook is one of cautious optimism;  the global economy is “not too bad”, but with some significant headwinds and risks to a continuation of the steady GDP growth we have seen this year, while the industry outlook is showing a sharp divergence between customer facing sectors such as Automotive and Aerospace (which are generally doing very well) and those sectors exposed to the downturn in investment in China and to lower oil and commodity prices - the main impact is on the Machinery industry, which has been struggling during 2015, a trend that is likely to continue.

Outside the world of manufacturing technology the main news this week was the Purchasing Managers Indices (PMI) for October;  there was a sharp increase for the UK with both output and new orders growing at their fastest rate since the middle of 2014 and, more importantly, this acceleration seems to be spread across all of the sub-sectors.  The PMI data for the rest of the world is a little more mixed, but generally OK, with some good figures for the US, Japan and Poland and an improvement in China, although the latter remains in negative territory.

We would encourage all members of the association to participate in our monthly Business Survey, you can find the on-line form at http://www.mta.org.uk/mta-business-survey-oct15.

We are able to announce that Sandvik Coromant will be once again sponsoring the Learning and Development Zone at MACH 2016. The Zone will acts as a base for student visitors as well as some key exhibits and a showcase of MTA Members' apprentices and graduates at work.

The Manufacturing Commission, an initiative of the All Party Parliamentary Manufacturing Group, of which the MTA is a member, last week launched its newest Inquiry Report, Industrial Evolution: Making British Manufacturing Sustainable, find out more in the story below.

On Thursday 26th November 2015 the MTC in Coventry will be hosting an all-day seminar de-mystify Industry 4.0. If you wish to attend follow this link for more details www.the-mtc.org/industry4-0.

The European Commission is engaged in its most ambitious programme of free trade agreement (FTA) negotiations in history, potentially worth over £20 billion to the UK economy. The joint BIS/DFID/FCO Trade Policy Unit is conducting a business survey about existing barriers to trade in Australia, New Zealand, Tunisia, Morocco and India.   https://www.surveymonkey.com/r/Trade_Negotiations_Stakeholder_Survey_November_2015

The MTA and UKTI are investigating the possibility of taking a UK mission to Russia in 2016. The timing will complement the Metalloobrabotka International Exhibition 23rd- 27th May 2016, if you would like more information on this please email James Fudge for details jfudge@mta.org.ukStill on the topic of exports the MTA has been approached by the department for Innovation and Skills who are reviewing the SPIRE system for granting export licensees. If you would like to feed in to that review further details are below.

The main economic news this week is the Purchasing Managers Indices (PMI) for October;  there was a sharp increase for the UK with both output and new orders growing at their fastest rate since the middle of 2014 and, more importantly, this acceleration seems to be spread across all of the sub-sectors.  The PMI data for the rest of the world is a little more mixed, but generally OK, with some good figures for the US, Japan and Poland and an improvement in China, although the latter remains in negative territory.

That’s all for this week we’ll be back next Friday with more industry news. Have a great weekend from everyone at the MTA.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

PMI, UK and Euro-zone, October 2015:  The Purchasing Managers Index (PMI) for the UK increased sharply to 55.5 in October (from a revised 51.8 in September).  The growth rates for both output and new orders accelerated at their fastest rates since the middle of 2014; for orders, the main driver was domestic business, although a 2nd successive increase in new export  business was recorded for the first time in over a year.  All of the sub-sectors of manufacturing shared in this improvement, but there is a contrast between a strong expansion in large-sized companies, while th

MTA BUSINESS SURVEY

MTA BUSINESS SURVEY

The October edition of the MTA Business Survey was launched at the start of the week.  We would encourage all members of the association to participate so, with thanks to those who have already replied, you can find the on-line form at http://www.mta.org.uk/mta-business-survey-oct15; we value the input of MTA members to what is a valuable and timely indicator of the trends for the manufacturing technology sector in the UK.

UK and Russia Trade

UK and Russia Trade

Russia is a potentially huge market for advanced engineering, the MTA has had a presence in Russia for over a decade. Dr Igor Bazhenov who is based in the city Ekaterinburg, in the Russian industrial heartland has helped MTA members to do business with the Russian industry.

Although sanctions covering the some engineering goods remain in place there are significant opportunities in the country for British business, with that in mind the MTA and UKTI are investigating the possibility of taking a UK mission to Russia in 2016.

EU FREE TRADE AGREEMENTS: DISSEMINATION OF UK BUSINESS SURVEY ON MARKET ACCESS BARIERS IN AUSTRALIA, NEW ZEALAND, TUNISIA, MOROCCO AND INDIA

EU FREE TRADE AGREEMENTS: DISSEMINATION OF UK BUSINESS SURVEY ON MARKET ACCESS BARIERS IN AUSTRALIA, NEW ZEALAND, TUNISIA, MOROCCO AND INDIA

The European Commission is engaged in its most ambitious programme of free trade agreement (FTA) negotiations in history, potentially worth over £20 billion to the UK economy.  Securing ambitious new EU FTAs that unlock new commercial opportunities for UK business is a top priority for the UK Government.

MTC event to de-mystify Industry 4.0

MTC event to de-mystify Industry 4.0

Industry 4.0 – the digitising and automation of the factory and supply chain – is set to be the biggest change in manufacturing industry since the introduction of the first robots. But many manufacturers still don’t understand the business benefits, according to experts at the Manufacturing Technology Centre.

SPIRE Feedback

SPIRE Feedback

We have been approached by the Department for Business Innovation and Skills to contribute to a Review of SPIRE, the system for processing export licence requests. This is part of a larger project called ‘One Government at the Border’ lead by HMRC which is aiming to simplify all export and import documentation and processes. Our present high level view of SPIRE, based on anecdotal evidence from members, is that, after several years of progress, the system seems to have regressed over the last eighteen months and that delays are becoming more problematic again.

Industrial Evolution - Making British Manufacturing Sustainable

Industrial Evolution - Making British Manufacturing Sustainable

The Manufacturing Commission, an initiative of the All Party Parliamentary Manufacturing Group of which the MTA is a member last week launched its newest inquiry report, Industrial Evolution: Making British Manufacturing Sustainable, ahead of the Paris COP21 talks, in which it outlines vital measures that government and industry should take to ensure that British manufacturing is here to stay.

Learning and Development zone

Learning and Development zone

As well as showcasing new technologies and latest products, MACH 2016 will also be welcoming the next generation of talent to the exhibition. As with previous exhibitions there will be a dedicated Learning and Development Zone acting as a base for student visitors as well as some key exhibits and a showcase of MTA Members' apprentices and graduates at work. We are delighted to announce that Sandvik will once again be sponsoring the zone and showing their support for bringing young people into the industry.

MTA FORECASTS

MTA FORECASTS

Delegates to the year’s MTA Forecast Seminar held earlier this week heard Andrea Boltho, a long-time friend of the Association, give his usual tour-de-force on the global economy.  Among the highlights, he pointed out that the changes that are happening in China are inevitable as it is not possible to maintain GDP growth of 10% and, in particular, the investment ratio in the economy of around 45% is unsustainable.  This has created a large capacity surplus but as long as the slowdown can be managed by the authorities in Beijing then the prospects are OK for global economy in 2016.  He was o