Good morning and welcome to this week’s Friday Brief.
This week we released a new survey with Close Brothers Asset Finance, has found that many manufacturing and engineering firms are not planning to take advantage of the increase of the Annual Investment Allowance. Find out more and read the full release below
Our Head of Events and Member Services, James Fudge has been in Moscow this week at Metalloobrabotka. The MTA once again hosted the UK pavilion at the Russian show manned by James and our Russian Representative Igor Bazhenov. Find out more within the story below.
The manufacturing sector can become more sustainable thanks to new technologies. CECIMO Conference on “Advanced Production Technologies for Circular Manufacturing” indeed proved how additive manufacturing, laser technologies, digital and other advancements help saving resources and contribute to circular economy. You can find out more details on this story within the Brief.
We also have more details on what will be on show in Hannover later this year at EMO, sustainability and lightweight construction are set to play a big part in the exhibition.
The National Sales Conference is a one-day conference featuring 5 separate streams to help develop all levels of your sales teams from Directors to trainees. The event is held at the Ricoh Arena on the 28th November and in the below story MTA members can receive a special 20% discount on tickets, by using the code provided.
The main news this week was the European Commission’s Economic Sentiment Indicator (ESI) for the Euro-zone which ticked up, helped by the first improvement in industry confidence for over a year. Despite this, there are some strange trends in the indicators that make up the measure of confidence, with production expectations improving sharply despite a negative trend for order books and, in particular, a significant weakening in export order books. The ESI for the EU28 was only flat with the significantly negative contribution from the UK dragging the measure down for the wider area. Our other item this week looks at some structural trends from the ONS’s Annual Business Survey; while these are generally positive for manufacturing and, within this, for the engineering and vehicles industries, the less good news is that this data is for 2017 and we have to wait until November to get the first data relating to 2018.
That’s all for this week for this week, thanks for reading, we’ll be back next Friday with more industry news and views. Have a great weekend from everyone at the MTA.