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Friday Brief Archive

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Friday Brief

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

The final of this year’s national Technology, Design and Innovation (TDI) Challenge took place on Wednesday at Yamakazi Mazak’s headquarters in Worcester. Hundreds of students from across the UK submitted either their GCSE, A-Level or BTEC Design and Technology Course Work Projects to be judged by a panel of experts drawn from Industry. Find out about all the winners in the story below.

The MTA members Golf Day also took place this week also and we’d like to say congratulations the winning team, Star Micronics GB, who took home the trophy with a score of 82. For the full list of winners and runners up you can find all the information within the Brief.

Paul O’Donnell, the MTA’s Head of External Affairs represented the association at a meeting with Department for Business, Energy and Industrial Strategy to discuss Brexit, find out more in the story below.

AFME, The Boston Consulting Group (BCG) and Clifford Chance have today published a new report, “Bridging to Brexit: Insights from European SMEs, Corporates and Investors” examining the impact of Brexit on SMEs, corporates and investors, in particular, on their use of wholesale banking and capital markets services.

In April the first cohort of military veterans successfully completed their training and started work as part of the Amazon Web Services (AWS) re:Start programme (aws-restart.com). The Programme educates veterans in the latest software and cloud computing developments and then provides them with work experience placements. As a signatory to the Armed Forces Covenant the MTA would like to encourage members to consider taking part in the scheme by offering a placement to one of the newly qualified people. You can find out more details below.

Both the CBI Industrial Trends Survey and the Bank of England’s Agents’ Report point to growth continuing in the UK manufacturing sector although, especially in the former of these, there is some slightly mixed news with a suggestion that, while the aerospace and automotive industries remain strong, the recent improvement in mechanical engineering may have ended - we need to wait for the actual output data over the next few months to confirm this.  The European Commission Economic Sentiment Indicator also showed a significant improvement in the alters reading.  This week has also seen the Office for National Statistics publish the provisional PRODCOM data for 2016 which gives our first view of UK output at a detailed product level - it appears to show a fall in production of machine tools compared to 2015, but there have also been some unwelcome (and unannounced) classification changes, so we need to crunch through the numbers before announcing the figures.

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

MTA Members Golf Day 2017

MTA Golf Flag
MTA Members Golf Day 2017

This year’s MTA Annual Golf Day took place at The Leicestershire Golf Club on Wednesday 5th July.

Citizen Machinery and Mollart came a close second to the winning team Star Micronics GB who took home the team trophy with a score of 82.

Carl Musticone’s of Mollart’s won the Best Individual score of 36 and David Whitworth of Citizen Machinery came a close second with a score of 33.

The Longest Drive award went to Ian Wilson of Sandvik.

Brexit Update

Brexit Update

Earlier this week the MTA were represented at a meeting of a number of trade association and officials from the Department for Business, Energy and Industrial Strategy to discuss Brexit. The Government is looking for evidence on some of the technical challenges that would be posed to trade if/when the UK leaves the single market. In particular they are looking for a range of views on how a new application of the Rules of Origin will affect companies and the ramifications of the withdrawal of the UK from the Mutual Recognition Principle.

New report outlines impact of Brexit on European SMEs, corporates & investors

New report outlines impact of Brexit on European SMEs, corporates & investors

AFME, The Boston Consulting Group (BCG) and Clifford Chance have today published a new report, “Bridging to Brexit: Insights from European SMEs, Corporates and Investors” examining the impact of Brexit on SMEs, corporates and investors, in particular, on their use of wholesale banking and capital markets services.

MTA BUSINESS SURVEY

MTA BUSINESS SURVEY

The MTA Business Survey for June, which is one of our slightly longer quarterly surveys, has been running all week and we already have a good response.  However, we want to encourage as many MTA members as possible to participate as this survey provides a valuable indicator of the health (or otherwise) of the manufacturing technology sector.  You can access the on-line form at www.mta.org.uk/mta-business-survey-jun17 - we look forward to hearing from you.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

PMI, UK and Euro-zone, June 2017:  The Purchasing Managers Index (PMI) for the UK manufacturing sector fell again to stand at 54.3 in June (56.3 in May) and many of the headlines picked up on this trend.  However, this is slightly misleading because this reading still implies a healthy level of growth for the manufacturing sector and it remains significantly above the long-run average.  Both production and new orders grew, although at a slower pace than in May, and price pressures continued to ease as input inflation down from the highs seen at the start of the year.

Opportunity for MTA members

Opportunity for MTA members

On September 1st 2017, Raconteur will publish a 16-page B2B report in The Times newspaper on Future of Manufacturing in association with MTA. 

The full media kit for the project, including the editorial synopsis, readership figures, ROI and rate card can be downloaded here:

●                     Future of Manufacturing

As part of this agreement, MTA members are entitled to significant discounts on the commercial positions available within the report, which apply to both display advertising and advertorial positions: