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Friday Brief Archive

2020

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Friday Brief

We only have a weekend separating us from the opening of the opening of MACH 2018 and as you can imagine it is all hands on deck at MTA towers making the finishing touches to the exhibition.

The official opening will take place on the concourse between Halls 19 and 20 at 10am and will feature Sir Ben Ainsile, MTA CEO James Selka and MTA President Geoff Bryant. This will be followed by Sir Ben taking a tour of the exhibition and take my part in a Q&A at midday in the MACH 2018 seminar theatre.

MACH 2018 has so much instore for exhibitors and visitors alike, as the latest advances in manufacturing technology are showcased at the NEC.

As usual, the first economic news of the month is the manufacturing PMI indicators which continue to paint a positive picture in most parts of the world, albeit one that is often reflecting slower, but still good levels of growth.  The UK was one of only a handful of countries where the indicator was higher than in February, although in most cases (including the UK) only marginally so.  We track 25 countries and 2 regions (Euro-zone and ASEAN) and all but 1 (South Korea) were above the crucial 50 level, although only 6 showed an acceleration in the rate of growth in activity.  The only other news this month is the latest release of data from BEAMA for use in contract price adjustment formulas.

That’s all for this week, have a restful weekend and we look forward to seeing many of you at MACH.

MACH 2018 is open

MACH 2018 is open

The exhibits are in place, the visitors have registered and MACH 2018 officially opens on Monday 9th April at NEC in Birmingham.

MACH 2018 is set to be even bigger and better than before, with more manufacturing technologies under one roof. With a new look and location, excitement for the UK’s premier advanced engineering showcase has reached fever pitch.

MACH 2018 exhibitors will display more innovations under one roof than ever before, bringing them to life through live machinery.

MTA BUSINESS SURVEY

MTA BUSINESS SURVEY

Although MACH is fast approaching, the normal round of surveys continues and the MTA Business Survey for March has been launched.  We are hoping to have some provisional results by later today as this will be a useful benchmark ahead of the exhibition, but we are still looking for a full set of data, although it will be a bit later than usual because many respondents will be at MACH.  It is also important as this is one of our slightly longer quarterly surveys and we need to capture the data on issues such as constraints on activity and employment.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

PMI, UK and Euro-zone, March 2018:  The Purchasing Managers Index (PMI) for the UK manufacturing sector edged up to 55.1 (from a revised 55.0 in February) and so, just ahead of MACH, it continues to point to a significant rate of expansion amongst our customers.  The press release from IHS Markit notes that this is a balance between faster growth in output and slower increases in new orders and employment - note that both are still growing - and, as a result, order backlogs fell a little.  There is no industry detail in the report this month, but they do note that 55% of re