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Friday Brief Archive

2019

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2018

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2017

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Friday Brief

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

First up, we’ll be hosting an MTA Breakfast Briefing in Birmingham on 22nd November entitled ‘Unlocking your intangible assets to drive commercial gain’. This interactive session will be led by Sean Leach, partner in leading intellectual property firm and MTA Associate Member, Mathys & Squire. Find out how you can register for this event in the story below.

Hopefully you already have the 4th December in your diary as the date for the MTA’s AGM, Lunch and Parliamentary Reception. With Brexit front and centre of the news and, increasingly, business’ planning, we have an opportunity to hear direct from one the UK’s best placed experts on the subject, Prof Anand Menon, as well as a chance to get your views over to MPs and Ministers. Get in touch at events@mta.org.uk to book your place

Just a little reminder that we launched our first podcast last week and it is still available to listen online, the topic being discussed was our recent forecast for the UK economy. https://www.youtube.com/watch?v=jJYiUrwmNH4

Ten primary and four secondary schools from across the Sheffield City Region are taking part in the nationally recognised Primary Engineer & Secondary Engineer Leaders’ Awards organised by the University of Sheffield Advanced Manufacturing Research Centre (AMRC) to inspire the creative engineering talent of tomorrow.   

Join the University of Wolverhampton and their project partners Autodesk, Hurco and Tungaloy, take part in tech demos and contribute on industrial themes such as: Graduate Recruitment, Upskilling, Apprenticeships, Industrial Problem Solving and Research Opportuinites. Find out more about this event below.

UK Export Finance (UKEF) and the Engineering and Machinery Alliance are hosting a join webinar on Wednesday 21stNovember at 2pm. The webinar will guide you through the process of accessing finance support for your exports from UKEF. One of the less commented on initiatives in last week’s budget was an extension to UKEF’s funding capacity so they will have more appetite to help fund exporter in the future making this webinar particularly timely.  

The main news this week is the GDP and manufacturing output figures for the 3rd quarter that were released this morning.  The main headlines are around the GDP data which showed the fastest quarterly growth rate since 2016 at +0.6%, but this does not hide the fact that the annualised rate only edged up to +1.5% which, for the UK, is a relatively modest rate of growth.  Closer to “home”, the manufacturing output data was equally positive overall with growth of +0.6% also recorded here, but in this case the annualised rate is only +1.1%.  Within the total, the capital goods industries as a whole did reasonably well with output growth also at +0.6% and an annualised rate of +1.5%, thereby matching the whole economy trends.  However, within the total, the industry picture is mixed with Aerospace (strangely) and Machinery (thanks to an exceptional Q1) seeing quarter-on-quarter falls in output, while the Automotive and Metal Products industries recorded growth.

The other piece of economic news released this week was the first view of the structural data from the Annual Business Survey;  this is useful as it gives us data on topics such as value added, employment and capital expenditure at a detailed industry level.  Overall, it shows an increase in value added but a fall in employment for the Advanced Engineering industries – which implies a rise in productivity on a “per job” basis at least – while capital expenditure fell, although at the industry level there is a mix of fortunes.

That’s all for this week, we’ll be back next Friday with more industry news, until then, haver a great weekend from everyone at the MTA.

Unlocking your intangible assets to drive commercial gain

MTA Logo
Unlocking your intangible assets to drive commercial gain

MTA Breakfast Briefing | 22nd November | 8.30-10.30am | Birmingham

According to many high profile manufacturing businesses, including companies such as BAE Systems, Siemens, Philips and Bayer, intangible assets may make up to 80% of a company’s value. An increasing number of manufacturing  businesses are taking advantage of their intangible assets, leveraging this additional value and helping them to realise their true commercial potential.

If you’re not taking advantage of this, you’re potentially “missing a trick” and letting your competition get ahead.

AMRC joins forces with Primary Engineer to encourage young engineers

AMRC joins forces with Primary Engineer to encourage young engineers

Sheffield City Region schools are taking part in nationally recognised Primary Engineer programmes supported by the University of Sheffield Advanced Manufacturing Research Centre (AMRC) to inspire the creative engineering talent of tomorrow.

The AMRC has teamed up with Primary Engineer – a national not for profit organisation that is bridging the gap between industry and education by developing engineering skills for teachers - to reach out and enthuse engineers-in-the-making and help children reach their potential.

Skills and Technology Day at Telford Engineering Campus 20 November

Skills and Technology Day at Telford Engineering Campus 20 November

Join the University of Wolverhampton and their project partners Autodesk, Hurco and Tungaloy, take part in tech demos and contribute on industrial themes such as:

Graduate Recruitment – find your workforce of tomorrow

Upskilling – retain and nurture your workforce

Apprenticeships – make the most of the Apprenticeship Levy and Non Levy Incentives

Industrial Problem Solving – Increase production efficiency

A guide for accessing export finance support from UK Export Finance

A guide for accessing export finance support from UK Export Finance

Date: Wednesday 21st November 2018

Time: 14:00 - 15:00

Password: trade

UK Export Finance (UKEF) and the Engineering and Machinery Alliance (EAMA) invite you to join our upcoming export webinar, which will guide you through the process of accessing finance and support from UKEF for your export contracts.

MTA BUSINESS SURVEY

MTA BUSINESS SURVEY

There is still time to get your return to us for the October edition of the MTA Business Survey - the on-line form is available at www.mta.org.uk/mta-business-survey-oct18.  This survey gives us an important view of the manufacturing technology sector to place alongside the wider figures that we report in a separate article this week.  With thanks to those who have done so already, please try to find 5 minutes to respond - we look forward to hearing from you.

UK MANUFACTURING OUTPUT AND GDP, 3rd QUARTER 2018

UK MANUFACTURING OUTPUT AND GDP, 3rd QUARTER 2018

Publication of the data for September by the Office for National Statistics (ONS) gives us the full picture for the 3rd Quarter of the year, so we will focus mainly on this trend rather than the monthly picture.  Total manufacturing output grew by +0.6% in the quarter and is now +1.1% higher than the level of a year earlier.  This is positive news given that manufacturing output contracted in both the 1st and 2nd periods of 2018.

OTHER ECONOMIC DATA THIS WEEK

OTHER ECONOMIC DATA THIS WEEK

Annual Business Survey, provisional results for 2017:  The Annual Business Survey (ABS) is compiled by the ONS and gives an overview of data such as turnover, value added, employment and capital expenditure, but its real value is in the level of industry detail it contains.  We do get data at a product level by industry from the ProdCom series, but detailed figures for employment and investment are only available in this series.

Some of the highlights of the 2017 figures include: