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Friday Brief

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

MTA CEO James Selka is taking part in the Big Battlefield Bike Ride to raise money for Help the Hero’s. The 350 mile journey from Ypres in Belgium to Verdun in Holland and takes in some key World War 1 Battlefields along the way. We’d like to wish James all the best for this epic trek and if you’d like to support James’ charitable efforts you can donate to his Just Giving page here https://www.justgiving.com/fundraising/james-selka1.

There was good economic news in two data series that have been released in the past week.  The manufacturing output data that came out this morning showed that July was a good month for manufacturing and, in particular the Automotive industry which the ONS reports has seen new models come on stream, taking output levels back to very close to their record high levels;  coupled with another record for output from the Aerospace sector in July and a recovery from what looks like a strange June figure in the Machinery industry, this was a good month, tempered only by a fall in output for the Metal Products industry.  The Purchasing Managers’ data for August showed a very positive increase for the UK and most of the elements of the Euro-zone index - indeed, only 1 of the 25 countries and regions that we track had a PMI reading below 50 and that was the figure of 49.9 for South Korea, so they almost made it a clean sweep.  The revised GDP figures for the Euro-zone and the EU28 also paint a picture of a generally good economic situation for the first half of 2017.

CECIMO has just published new ‘Guidelines for CE marking on metal working milling machines’. This is the third publication in a series of guidelines aimed at supporting market surveillance authorities, customs authorities and economic operators to assess the conformity of machines with existing European product safety law. Find out more in the story below.

Smart Factory Expo returns on the 15-16 November but has moved to its new home; the superb Exhibition Centre Liverpool. For details on how to attend please see within the brief.

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.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

PMI, UK and Euro-zone, August 2017:  The UK manufacturing Purchasing Managers’ Index (PMI) improved to its highest level for 4 months and the second highest in over 3 years at 56.9;  the faster rate of expansion was spread across all of the product categories.  Output increased at its fastest rate for seven months and although the home market was the main source of growth in orders, new export business also remained robust, with the weakness of Sterling being reported as boosting export competitiveness.

MTA BUSINESS SURVEY

MTA BUSINESS SURVEY

The MTA Business Survey for August is still open for your replies, but we will be closing this towards the end of next week before heading off for EMO.  With thanks to those who have already responded, we would like to encourage as many MTA members as possible to contribute to this survey.  You can access the on-line form at www.mta.org.uk/mta-business-survey-aug17 - we look forward to hearing from you.

CECIMO publishes new Guidelines on metalworking milling machines

CECIMO publishes new Guidelines on metalworking milling machines

CECIMO has just published new ‘Guidelines for CE marking on metal working milling machines’. This is the third publication in a series of guidelines aimed at supporting market surveillance authorities, customs authorities and economic operators to assess the conformity of machines with existing European product safety law. ‘The circulation of non-compliant products within the EU market puts both the safety of workers and the competitiveness of the European Machine Tool Industry at risk’ says Mr. Juha Mäkitalo, Chairman of CECIMO’s Technical Committee.

Are you ready for the Fourth Industrial Revolution?

Are you ready for the Fourth Industrial Revolution?

Smart Factory Expo returns on the 15-16 November but has moved to its new home; the superb Exhibition Centre Liverpool.

It's no surprise that only 28%* of UK manufacturers have begun implementing a move to industry 4.0, the concept involves complex new ideas such as - Industrial Internet of Things (IIOT) - Additive Manufacturing – Servitization - Artificial Intelligence - Automation and Robotics. Attending the Smart factory Expo will help you and your team come to grips with these concepts.

Supply Chain Funding Webinar

Supply Chain Funding Webinar

Supply chain funding is a little known alternative finance solution. Unlike supply chain finance, supply chain funding can work up and down the supply chain. It is accessible to all business sizes, not just big established firms, and could dramatically improve your cash flow management.

URICA specialises in supply chain funding and has now funded several thousands of businesses over the last few years. Supply chain funding is for businesses that:

- Want to strengthen their working capital position

- Want to manage their cash flow better