Good morning from everyone in the MTA Team; we hope that you will find something of interest as we take a look at developments for and about our industry over the past week.
We start this week with the release of our new forecasts for the manufacturing technology industry and the webinar that we held for members. We have a summary of the latest outlook in the article this week and this also includes the link for MTA members to download the presentations and documents for the webinar.
There is news this week on the two topics that dominated our forecast webinar. The Chancellor of the Exchequer announced changes to the Job Support Scheme on Thursday and we outline those in our Coronavirus article this week. He also made changes to support for people who are self-employed and extended business grants for businesses in England that are forced to close by restrictions on activity.
The other topic is, of course, Brexit and the CBI held a webinar earlier in the week which provided a useful round-up of where we are on the subject. We summarise this in the article and provide a link to view the recording of the webinar. In a separate piece, there is news about the Border Operating Model and, perhaps more importantly, information around supplying dual-use goods - which includes many types of machine tools.
For the past couple of years, Lloyds Bank has been operating a Trade Portal for its customers that identifies key information by country/product and lists more than 100,000 importers worldwide. They are making it available free of charge and EAMA has arranged a webinar to introduce the portal to a wider audience. As always, there is more on this in the article below.
We also have news this week of a variety of webinars being organised by MTA members, including:
- Nikken who have a session on using tool pre-setting on 28th October
- ChAI whose webinar on Tuesday 27th October will talk all things Aluminium
- Heller who are hosting a virtual exhibition from 10th to 12th November
The Energy Systems Catapult is researching the use of energy among industrial companies and if anyone is interested to help them, we have the details below. There are also details of a new work stream to develop a standard for post-processing methods in the additive manufacturing industry. On this topic, we have a good news story from our colleagues at the AMRC around the development of a hood systems for the medical industry.
The Advanced Machinery & Productivity Institute (AMPI) is an industry led initiative to drive innovation for the UK’s advanced machinery manufacturers to meet the challenges of developing new technology and entering emerging markets. They are holding an online workshop on 5th November to explore their business case and delivery model with industry.
Our economic news this week has, in part, an underlying theme of investment. One of the frustrations at our forecast webinar were issues with the investment data and, perhaps inevitably, the ONS released the new data-set the following day. There were some substantial revisions to the previous data, especially for the 1st quarter of the year but also the obvious news of a sharp fall in the 2nd quarter. Also this week, we got the latest results of the CBI Industrial Trends Survey which revealed continued weakness in the manufacturing sector and although there was some improvement in the investment intentions indicators, it was very much a case of “less bad” rather than “good” news. We also have the latest figures for the manufacturing technology market in the USA which seems to have settled down to a run-rate of about one-quarter below the levels of 2019.
With that, we will bring this introduction to a conclusion and, until we return next Friday, we leave you with our best wishes for the weekend – see you next week.