Good Morning and welcome to your weekly roundup of news.
We start this week with a welcome to MTA’s latest member; Marsh Commercial. Marsh have joined as an associate member and bring their knowledge of insurance and the wider industry, particularly focusing on the manufacturing and engineering sector.
We have some HR news from our support partner Croner on employment law changes which came into force on 1st April. They’ve also provided some useful information on managing annual leave now staff are returning to work after furlough. Further details can be found in both stories below.
There are also have details of an industrial placement wanted for a third year (MEng) Electronic and Electrical Engineering undergraduate. If you think you might be able to help, please contact James Fudge (email@example.com) for further details.
For those of you who may have not been to the AMRC in Sheffield, or would like to see latest developments, there is a chance to tour there facilities virtually on 12th May. Register your free space by clicking the link in the story below.
In other news this week, we have details of a new amendment to a BSI Standard focusing on Non-destructive testing of metal based additive manufactured parts. If your business deals in AM, find out how you can input below.
The Safety and Health Engineering Partnership (SHEP) are doing a survey this week on clean air in the workplace, a link to the survey can be found in the story below.
Also this week we have details of a supplement being produce by mediaplanet on 5G which will be carried in The Guardian. To find out more about how you can be included in this campaign please see below.
The headline news this week is our new forecasts for the UK machine tool and cutting tool market and, alongside that the Spring edition of the Global Machine Tool Forecast. For the UK we now expect only modest growth in the machine tool market in 2021 of around +6% but this accelerates to +14% for 2022; in contrast, we think that the cutting tools market will recover a little more quickly (around +8% this year) but then slow to +6% in 2022. A reminder also about our MTA Members only Spring Economic Update Webinar on Wednesday 28th April at which we will cover these new forecasts in more detail - you can register for this at https://www.mta.org.uk/event/spring-economic-update-0.
The economic news this week was led by the manufacturing output figures both for the UK and Europe and it is interesting to note a different pattern between the two regions. The monthly data for the UK showed a pick up in activity in February, although a weaker start to the year means that the rolling 3-month averages (which are a better measure as they take out some short-term fluctuations) were still slightly negative in the latest period. In Europe, January saw another spurt in activity followed by a dip in February, although seasonal adjustments to both series may be affecting these trends. We explore these issues and take a look at the latest GDP and trade data for the UK in this week’s economic news article.
Finally a reminder that the MTA Business Survey for March is still open for your input at www.mta.org.uk/mta-business-survey-mar21.
That’s all this week. See you next Friday and have a good weekend.