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Friday Brief Archive

2020

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Friday Brief

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.

New survey finds engineering and manufacturing firms lack awareness of the increase in the Annual Investment Allowance

MTA Logo

A new survey, by the Manufacturing Technologies Association and 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 (AIA).

From 1st January 2019 to 31st December 2020 a temporary increase in the AIA has been introduced by the government. This is to enable faster tax relief for plant and machinery investments between £200,000 and £1 million, with the aim to help businesses to invest and grow.

MTA Members exhibit at Metalloobrabotka

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. 

The event was supported by the Department of International Trade and saw Trevor Lewis,

Counsellor and Director DIT Russia, attend the event and brief UK companies.

Companies present on the pavilion were CGTech, Lapmaster, Matrix Machine Tools, Nonwoven and PTG Holroyd.

New technologies help the shift towards circular economy in the manufacturing sector

New technologies help the shift towards circular economy in the manufacturing sector

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. On the other hand, policymakers should continue supporting industry in its effort, also in the next political cycle.

Lightweight construction is key technology for global sustainability

Lightweight construction is key technology for global sustainability

On show at EMO Hannover 2019 – Sustainability and lightweight construction are firmly anchored in mechanical engineering.

Intelligent lightweight solutions are increasingly gaining ground in machine tool construction. The main focuses are on new geometries and materials as well as simulation and 3D printing. Exhibitors at EMO Hannover will be showing how products can be designed and manufactured to meet lightweight and sustainability criteria based on a range of examples.

National Sales Conference 2019 – discounted tickets available for MTA members

National Sales Conference 2019 – discounted tickets available for MTA members

Learn How to Increase Sales & Profit Margins

Book before the end of June to take advantage of the current early bird promotion.

Once again we have partnered with NSC because the MTA is passionate about Continuing Professional Development (CPD) and investment in people.

The NSC is a one day conference featuring 5 separate streams to help develop all levels of your sales teams from Directors to trainees. Held at the Ricoh Arena on the 28th November.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

European Commission Economic Sentiment Indicator, May 2019:  The European Commission’s (EC) Economic Sentiment Index (ESI) increased in the Euro-zone but was only flat in the EU28.  The improvements were, inevitably therefore, mainly in Euro-zone countries with a sharp recovery in France and significant pick-ups for both Italy and Spain, although Germany only saw a modest improvement compared to April.  The weaker position of the EU28 is due to a sharp deterioration in the ESI for the UK (the largest non-Euro economy).