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Friday Brief

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

First up, MACH 2018 exhibitors, we want you to make the most out of the show and get as much exposure as possible. Our weekly newsletter to promote the exhibition is back for 2018 and we want to encourage all our exhibitors to make this service work for them. We are taking news stories from www.machexhibition.com to include in the bulletin. So, please start optimising your profiles over on the website and adding your press releases to the exhibitor news section.

The government has declared 2018 as the ‘Year of Engineering’ and, with MACH 2018 just around the corner we would like to gain the support of all our members and exhibitors by championing this project. Please read this story and get in contact with Tom Lane at the MTA to pledge your support, email Tom at tlane@mta.org.uk. The project launches next week, so we have a final reminder for members to support this project and sign the letter we are sending to the PM; please have a read and participate. Submissions close at 5pm today.

The strong data on UK manufacturing output led to this being the BBC’s top news story on Wednesday evening and even trumped the fall in construction activity.  In this week’s article we dig in to the data to find that it is almost universally good news, with the month-on-month dip in Automotive output perhaps the only concern in the detail (this may be related to seasonal adjustment as October was exceptionally strong).  Growth in the output of the Machinery industry made the largest contribution to the overall manufacturing figures and output in the Aerospace and Metal Products industries is also growing.  We are seeing similar strength in Europe where the Capital Goods industries are also leading the way in the growth of industrial production and the European Commission’s Economic Sentiment Indicator is also running hot at the moment, with industrial confidence at a good level.

On the 16th and 17th March 2018 the Canada Research Centre are hosting Business Automation 4.0 conference at the University of Oxford, Said Business School. More details on how to attend this event can be found within the Brief.

Croner provide HR and legal support for MTA Members they have provided a story for this week’s newsletter on Tribunal Claims rise by 120%: Is Your Business Protected?.  More details on the services Croner provide can be found in the Services section of the MTA website under HR and Legal.

If you have long-term contracts in which prices adjust over time, then finding a robust mutually agreed way of settling those adjustments can be a problem. The MTA subscribes to a service which gives a monthly track of key indices on labour and materials costs. This gives members a way of updating the relevant prices independently. You can find out more about this service, which has a long track record of successful use by members below.

Thanks for reading we’ll be back next Friday with more industry news, until then have a great weekend from everyone at the MTA.

MTA BUSINESS SURVEY

MTA BUSINESS SURVEY

The MTA Business Survey for December will be closing on Monday, so there is still time to get your data to us - the on-line form at www.mta.org.uk/mta-business-survey-dec17 is still open.  This is one of our slightly longer quarterly surveys that adds some structural information about employment and factors affecting activity to the headline monthly data on orders, sales and confidence.  Over time, this has built up into a valuable insight of the manufacturing technology industry and we hope that as many MTA members as possible w

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

UK Manufacturing Output, November 2017:  The very positive data from the Office for National Statistics (ONS) propelled a good news story about manufacturing to the top of the BBC evening news programme on Wednesday.  Total manufacturing output in the latest 3-month period (September, October and November 2017) was +1.5% higher than in the previous 3 months (June, July and August 2017) and +3.9% above the level of a year earlier (September, October and November 2016).

BEAMA Contract Price Adjustment Service

BEAMA Contract Price Adjustment Service

Do you have long-term contracts, either with customers or suppliers?  Have you thought about incorporating something in the contract that allows you to adjust the price according to changes in input costs?

On behalf of members, MTA subscribe to a service provided by our colleagues at BEAMA which gives a monthly track of key indices on labour and materials costs.  Of course, you need to get the principle and the relevant formulas included in the contract, but this gives you a way of updating the relevant prices independently.

BUSINESS AUTOMATION 4.0

BUSINESS AUTOMATION 4.0

Programme Overview

This exclusive program for the first time combines all the cogwheels of Business Automation in the Fourth Industrial Revolution for transformation of business and industry. The program encompasses Design Thinking for Automation, Big Data Analytics, Internet of Things, Machine Learning & Artificial Intelligence, Robotics and Cybersecurity.

Programme Venue

University of Oxford,

Said Business School

England

Duration 2 Day Program

Date 16th and 17th March 2018, Friday and Saturday

Starts 10am

Ends 5pm

Tribunal Claims rise by 120%: Is Your Business Protected

Tribunal Claims rise by 120%: Is Your Business Protected

The below story is written by Croner who provide HR support for MTA Members.  More details on the services Croner provide can be found in the Services section of the MTA website under HR and Legal.

Members can take advantage of:

Access to advice for any HR, employment law or health and safety question

Access to advice on tax and VAT questions

Access to Croner's webinar programme

Access to Croner's nationwide seminar events programme

MACH Bulletin

MACH Bulletin

Our weekly newsletter to promote MACH exhibition is back for 2018 and we want to encourage all our exhibitors to make the most out of this service. We are currently taking news stories from www.machexhibition.com to include in the bulletin. So, for all our exhibitors at MACH 2018 please start optimising your profiles over on the website and adding your press releases to the exhibitor news section.