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Friday Brief

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.

MACH RESCHEDULED TO 2022

MACH 2022 Logo
MACH RESCHEDULED TO 2022

We have taken the decision to reschedule MACH from January 2021 to April 2022.

With the continued uncertainty around the COVID-19 pandemic and local lockdowns, it was decided to consult with our members and exhibitors who had booked a stand at MACH 2021 and gauge their opinion on whether to continue with MACH 2021 in January or carry forward to MACH 2022.  The overwhelming sentiment was that in order to minimise the risks to visitors and exhibitors and to provide the best possible platform for both, the event should be moved to April 2022.

BREXIT UPDATE - POINTS BASED IMMIGRATION

BREXIT UPDATE - POINTS BASED IMMIGRATION

The UK Home Office has launched its guidance for employers on the new Points-based Immigration System that will take effect from 1st January 2021.  From this date, free movement will end and the UK will introduce a points-based immigration system.  The new system will treat EU and non-EU citizens equally and transform the way in which all migrants come to the UK to work.  Anyone coming to the UK to work, excluding Irish citizens, will need to apply for permission in advance.

The key messages for employers are:

NATIONAL APPRENTICESHIP AWARDS - SPECIAL RECOGNITION AWARD

NATIONAL APPRENTICESHIP AWARDS - SPECIAL RECOGNITION AWARD

As part of the Awards this year the organisers are working with the Royal Navy to showcase inspiring stories of apprentices who have gone above and beyond during the Covid-19 pandemic.  They are looking for compelling stories of Apprentices from around the country helping meet the challenges posed by the pandemic.  Suitable stories will be featured on the Apprentices on the Frontline microsite.

CONSULTING PROFESSORS ONLINE, LLC - A THREE-STEP APPROACH TO ENTERING THE U.S. MARKET

CONSULTING PROFESSORS ONLINE, LLC - A THREE-STEP APPROACH TO ENTERING THE U.S. MARKET

The MTA have been offered a discount for members looking to get into the US market.  Consulting Professors Online are starting a series of e-Seminars on 10th November 2020 with a 10% discount for MTA Members for their Month One, Month Two and Month Three plus Online Advisory Programs (4 weeks 1.5 hours per week).

For further details about Consulting Professors Online, please see below or contact James Fudge at MTA (email:  james.fudge@mta.org.uk) for more information.

PURCHASING MANAGERS’ INDEX (PMI)

PURCHASING MANAGERS’ INDEX (PMI)

There was something of a mixed bag in the Purchasing Managers’ Index (PMI) data for manufacturing that was published this week, but the overall trend was positive and the global composite produced by J P Morgan using the data from IHS Markit edged up to 52.3, its highest level in 25 months.  This article refers only to PMI’s for manufacturing.

ECONOMIC NEWS

ECONOMIC NEWS

UK National Accounts, 2nd Quarter 2020:  With the release of the quarterly national accounts the Office for National Statistics (ONS) has started the process of re-basing UK economic statistics to 2018.  This complicates comparisons with previous estimates as there may be some impact from the new base year but the headline shows that the UK economy is now estimated to have contracted by -19.8% compared to the 1st quarter of the year – this is slightly better than the previous estimate of -20.4%.

MTA BUSINESS SURVEY AND EUROPEAN AM SURVEY

MTA BUSINESS SURVEY AND EUROPEAN AM SURVEY

We currently have a couple of surveys running in the field at the moment.  The MTA Business Survey for September was launched yesterday and we would encourage all members to participate in this so we get a clear picture of the recovery (or not as the case may be).  There is an on-line form available at www.mta.org.uk/mta-business-survey-sep20 or if you would prefer a word version, please contact Geoff Noon at MTA (e-mail:  gnoon@mta.org.uk).