Good morning and welcome to this week’s Friday Brief.
We start this week with exciting news that the MTA has been shortlisted in 2 categories for the Association Excellence Awards. These are for Best Covid-19 Crisis Response and Best Membership Support During Covid-19. Results are announced on 29th June so we shall report back then!
In event news this week, we have details of a webinar the MTA is hosting on Manufacturing Technology for Electric Vehicles on 6th May. This webinar forms part of the series in collaboration with the Manufacturing Technologies Centre and will include guest speakers from the Advanced Propulsion Centre. Further details are below.
We also have details of a series of free webinars being run by the Department for Education (DfE) and the Strategic Development Network (SDN) on developing your workforce. Further details and registration can be found in the story below.
On 24th June the IMechE will be running a Decarbonisation in Industry day. There’s an early bird discount available until 30th April so make sure you reserve your space if you’re thinking of attending.
Sticking with webinars, the MTA attended ‘An Overview of the General Export Facility’ Webinar this week. If you missed the event, members can access the presentation and recording via the story below.
The CBI is conducting their annual Education and Skills Survey (TESS). Against the backdrop of coronavirus and Brexit, TESS will identify business priorities on key issues like retraining and youth employment and where further support is required. Find out how to submit your answers in the story below.
In political news this week, the All-Party Parliamentary Group for Trade & Export Promotion has sharply criticised the UK Trade Strategy. Find out more about their report, recommendations and how you can input in the story below.
We’ve details this week of 3 standards under review by BSI. These cover requirements for information/cyber security controls for cloud services, and the requirements for conformity assessment bodies certifying cloud services. If your business is involved with any of these areas make sure you have your chance to input and comment.
Our lead item of economic news this week is the latest results of the CBI Industrial Trends Survey which reflects the improving situation for the manufacturing sector. Business sentiment and total orders both improved strongly and although output was only flat, this is expected to accelerate during the 2nd quarter of the year. The results for the investment intentions indicator is at its highest level in nearly 24 years and while there is an element of “bounce” to this strength, we are also encouraged by an increase in capacity utilisation.
The other key numbers this week are the flash PMI readings for the UK and the Euro-zone (the US figures are not until later today) which both showed strong readings for the manufacturing sector. There is just a note of caution because this comes partly because of lengthening in suppliers delivery times which is taken to be an indicator of increased activity but which, at the moment, is a negative. We also take a look at the latest productivity data for the UK economy which shows the manufacturing sector running ahead of the trends for the economy as a whole.
We would also like to take this opportunity to remind you about the MTA Members only Spring Economic Update Webinar on Wednesday 28th April in which we will take a look at our new forecasts for the industry that we released last week - you can register for this at https://www.mta.org.uk/event/spring-economic-update-0.
We’ll be back next Friday with more industry news. Have a good weekend.