Good morning and welcome to this week’s Friday Brief.
We’d like to remind all members that we will be launching a new service, allowing you as a full MTA member, read-only access to the MTA’s BSI standard list which contains up to 200 standards. Find out more about this exciting development below.
A visit of senior Boeing executives has taken place at the University of Sheffield Advanced Manufacturing Research Centre (AMRC), as General Manager of Boeing Portland Dave Hyem and his team came to see the research and development work that will support operations at Boeing Sheffield when it opens later this year. Find out more about this story within the Brief.
On the 31st of May 2018, the US administration announced that additional duties on imports of steel (25%) and aluminium (10%) from the EU and other countries will be imposed. We have some information on the EU’s response below.
MTA Business Survey
A quick reminder that the MTA Business Survey for May is still open – the link to the on-line form is in the article below.
The main economic news this week is a look at the PMI data that was published last Friday, just after our deadline. In general, the trend of slower pace of what remains significant expansion of activity in manufacturing has continued, although the UK was among a small group of countries that saw the index edge up in May. There is some concern in the UK data that the increase in production that helped generate this small improvement was largely put into increased stocks, but we need to wait a little longer to see if this is a one-off issue. We also report on some structural data on the UK industrial sectors released by the ONS (although this is only up to 2016) and there is a link to access the papers that were presented to the recent European Cutting Tools Association (ECTA) Conference.