Hello from everyone at the MTA; it has been another busy week for the Team and there is lots of news to bring you.
The main headline is the news that MACH has had to be rescheduled from January 2021 to April 2022. After a consultation with Exhibitors and Members over the past couple of weeks, it was clear that given the continued uncertainty over holding large scale events, the best option was to move to April 2022 to minimise the risks for everyone involved. We are working on some digital and virtual solutions to connect exhibitors and visitors in the interim and will bring you news of those when we have it.
The other MTA headline this week is the announcement that our Forecast Seminar is moving on-line this year and will be held on Tuesday 20th October. Details of how to register for this important members only event are in the article below. Although the focus is on the forecast for machine tools and cutting tools, all of the information is relevant to all MTA members regardless of your product or service so we would encourage you to spare a couple of hours to participate in this seminar.
We have a couple of Brexit news items this week with information for employers about employing staff from the European Union when the transition period ends and a reminder about the webinars over the next couple of weeks on the CE/UKCA marks and the new Border Operating Model. These are relevant to all MTA members as while there is an overlap in the use of the CE and UKCA marks, the end of the transition period will bring new responsibilities for importers of goods from the EU.
We also have an update on some of the announcements that were included in the Chancellor’s Winter Economic Plan speech last week, noting in particular that the deadline for applications for the various loan scheme have been extended by two months to the end of November.
Our Business Survey for September has been launched and you can give us your input via the web-site at www.mta.org.uk/mta-business-survey-sep20. We also have a new bi-annual survey for the additive manufacturing community running at the moment and this can be accessed at www.mta.org.uk/additive-manufacturing-trend-survey.
The economic news this week was led by the publication of the PMI data for manufacturing. The UK reading moved down from its August level but remains firmly in positive territory and while the Euro-zone was generally positive - led by a strong increase in Germany - elsewhere in Europe and in Asia there is a mixture of trends that we cover in the article below.
We also had the UK national accounts this week but because of the annual re-basing exercise, we don’t yet have the detailed breakdown of the investment data which is the most useful element of this announcement. The European Commission’s economic sentiment index continues to reflect growth but they note that only about 70% of the earlier losses have been recovered, so there is some way to go. We have the new CECIMO Toolbox this week and the latest data-set for the Contract Price Adjustment service is also available.
Finally, there are a handful of other stories in this week’s edition, including details of two webinars from the NPL Manufacturer Measurement Network, details of a members discount on a service to assist companies looking to get into the US market, information about accessing the Automotive Transformation Fund and news of this year’s National Apprenticeship Awards.
That just about covers it for this week, so we will sign off for now - until next Friday when we will be back with more news and information for and about our industry, have a good weekend and stay safe.