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Friday Brief Archive

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Friday Brief

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

The MTA AGM, Lunch and House of Commons Reception will take place on the 4th December. We are delighted to have confirmed two excellent speakers for the day. Professor Sam Turner, Chief Technology Officer at the High Value Manufacturing Catapult will talk about the latest developments aimed at helping SMEs adopt digital technology. We will also be joined by Professor Anand Menon, who leads the Centre for the UK in a Changing Europe at King’s College London and is one of Britain’s leading authorities on Brexit.

You can find out more about the two speakers and how you can book to your place at the event in the story below.

This week saw the Government announce the new Budget. We were pleased that the Chancellor adopted one of our key recommendations – to increase the Annual Investment Allowance to £1m - and the MTA’s Head of External Affairs takes a closer look at the key issues that affect our sector below.

We’re also pleased to have launched our new podcast this week. The first episode focuses on our recent forecast seminar and the outlook for the UK economy. Have a listen and let us know what you think.

There’s just one month to go to register for Europe’s largest manufacturing technologies exhibition.  Taking place from 16th- 21st September 2019, Exhibitors travel to EMO Hannover from all over the world and from all sectors of metalworking technology. For further details on how to register see the story below.

UK Export Finance (UKEF) and the Engineering and Machinery Alliance are hosting a join webinar on Wednesday 21st November at 2pm. The webinar will guide you through the process of accessing finance support from UKEF. For more details and to register email events@ukexportfinance.gov.uk.   

Rhodes Interform, a specialist in bespoke composite and metal forming machinery, has recently completed the installation and testing of a world class composite forming facility at the University of Sheffield’s Advanced Manufacturing Research Centre (AMRC). The work was recognised on Wednesday when Senior Design Engineer at Rhodes, Ben Jennings, won the prestigious Employee of the Year Award at Composites UK’s Annual Dinner, held at the National Motorcycle Museum. Well done Ben!

This week’s key international economic stats were the Purchasing Managers Index (PMI) results for global manufacturing; in general, the trend was for lower readings, but remaining above 50, although as always with coverage of 25 countries, there were exceptions.  The UK was on the trend with the fall in its PMI to 51.1 blamed mainly on a fall in orders which was concentrated in the consumer goods sector although investment goods only managed a small improvement.  The Euro-zone and its constituent countries also shared in the general trend, although in Italy, the fall in the PMI took it below the 50 level that marks the boundary between expansion (above 50) and contraction (below 50) of the manufacturing sector.  We also report Eurostat’s initial estimate for GDP in the 3rd quarter which shows slower growth, both quarter-on-quarter and in the annualised rate; this is consistent with the results from the latest Economic Sentiment Index from the European Commission which showed a fall in confidence and, in most cases, a reduction in capacity utilisation rates for manufacturing. 

Finally, the latest data-set from the BEAMA Contract Price Adjustment Service is available for members - see below for more details.

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 Launch New Podcast

MTA Launch New Podcast

The Manufacturing Technologies Association (MTA) are pleased to announce the launch of their new podcast. The podcast will be a new regular feature of the MTA’s communication’s strategy and a way to get all the latest important news to our membership.

The podcast are hosted by the MTA’s PR and Communications Manager Tom Lane and will feature other members of the MTA and MACH teams as the series progresses.

Budget Note

Budget Note

Budgets are not only when the Chancellor raises or lowers taxes or agrees to fund particular schemes, they are also a moment when the nation’s finances are laid bare. Yesterday saw the Chancellor produce a budget in circumstances which were both difficult and surprisingly favourable. The difficulty, of course, results from the continuing slow growth of the UK economy and the uncertainty around Brexit. However, there was an important piece of good news for him in the run up to the event as Tax returns proved unexpectedly buoyant giving him a practical bit of elbow room.

Just Under One Month to go to Register for EMO 2019

Just Under One Month to go to Register for EMO 2019

There’s just one month to go to register for Europe’s largest manufacturing technologies exhibition.  Taking place from 16th- 21st September 2019, Exhibitors travel to EMO Hannover from all over the world and from all sectors of metalworking technology. With a share of foreign exhibitors running at approximately 60%, EMO Hannover is the world's most international metalworking trade fair. As the leading fair of its kind, it serves as a networking hub epitomizing the highest level of expertise among providers and users.

AMRC AND RHODES INTERFORM PRESS ON WITH NEW COMPOSITE FORMING FACILITY

AMRC AND RHODES INTERFORM PRESS ON WITH NEW COMPOSITE FORMING FACILITY

Rhodes Interform, a specialist in bespoke composite and metal forming machinery, has recently completed the installation and testing of a ‘world class’ composite forming facility at the University of Sheffield’s Advanced Manufacturing Research Centre (AMRC). The company was celebrating this week when Senior Design Engineer Ben Jennings won Composites UK’s Employee of the Year Award for his work on the Project.

MTA BUSINESS SURVEY

MTA BUSINESS SURVEY

The MTA Business Survey for October was launched on Thursday.  This survey provides a valuable overview of the business situation for the manufacturing technologies industry and, in these uncertain and changing times, it is important that we get as much input as possible.  The on-line form available at www.mta.org.uk/mta-business-survey-oct18 and we look forward to hearing from as many MTA members as possible over the next few days.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

PMI, UK and Euro-zone, October 2018:  The Purchasing Managers Index (PMI) for the UK manufacturing sector fell sharply, but at 51.1 it remains in positive territory.  The PMI is a composite index based on output, new orders, employment, stocks of finished goods and input prices, so it does not directly track confidence, but it seems likely that this relatively weak outcome is influenced, at least in part, by the uncertainty around the Brexit negotiations during the data collection period (12-26 October).  The report notes that both new orders and employment fell for the fir