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Friday Brief Archive

2021

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Friday Brief 04/06/2021

Good morning and welcome to another weekly Friday brief. Let’s hope the beautiful bank holiday weather will be back this weekend.
 
We start with some very exciting news! The Engineering Industries Association (EIA) has been brought on board as part of the MTA family and will now sit under the MTA umbrella brand with Karen Finegold appointed as EIA’s Head of the Association. To view the press release and read statements from James Selka and Karen Finegold, view the story below.
 
As you may already be aware, one of the services that we offer is free access BSI standards through the British Standards Online (BSOL) system. We are working with BSI to provide some complimentary training to ensure that you are able to obtain the maximum value from this system. You will find a story explaining what the training is designed to help you with and also the latest June BSI Standards booklet in a separate story below.
 
We have had a number of queries raised regarding the procedures when carrying laptops or other valuable items overseas. HMRC has now provided some additional detail about alternate ways those goods can be declared. Listed in a story is everything you need to know.
 
2021 is the year of climate action and we are aware that some of you are looking to make a difference within your business. In this week’s Friday Brief we have information from The UK Business Climate Hub on how you can cut your carbon emissions in half by 2030. Take a look at what you can do to take action in the story below.
 
Following the Climate Change theme, we have news that the government have a multi-million pound investment, awarded to innovators, businesses, academics and heavy industry right across the UK. This will accelerate the delivery of the critical game-changing technologies needed to further drive Britain’s climate change ambitions, while creating over 60,000 jobs across the UK. To read more on this topic please view the story where you can find a link to the GOV.UK article.
 
EAMA has responded to the government’s R&D tax reliefs consultation by calling has called for greater clarity from HMRC and urging other measures to strengthen the impact of the incentives. To read questions raised in the consultation please go to the story.
 
The PMI data for May showed very high positive readings for many countries with the UK in a handful that set new records as the recovery continues.  The PMI is a diffusion index based on the percentage of “up” replies so it does not give an indication of growth rates, but the very high figures being recorded do suggest strong growth although this will, of course, be from relatively low levels.  With a number of countries having high positive readings and most of the rest at a more modest level, there were only two countries - Mexico and Turkey - among the ones that we track which had their manufacturing PMI in negative territory.
 
In the other economic news we take a look at the European Commission’s Economic Sentiment Index (which continues to reflect month-on-months improvements across all sectors) and the latest UK productivity data.
 
Also this week, a reminder that the MTA Business Survey for May is running at the moment and we would encourage all members to participate in this important survey.  You can give us your input at www.mta.org.uk/mta-business-survey-may21 - it should only take a couple of minutes.
 
We also have the details of the “ECTA Rendezvous: Spotlight European Cutting Tools Industry” event being held in a couple of weeks’ time in place of the annual conference which has been postponed to 2022.
 
That’s all for this week’s Friday Brief. Enjoy your weekend and ‘see’ you same time next week!

Exciting Opportunities for Members as the Engineering Industries Association joins the Manufacturing Technologies Association Family

The Manufacturing Technologies Association (MTA) today announces that The Engineering Industries Association (EIA) has been brought on board as part of the MTA family and will now sit as an independent identity under the MTA umbrella brand.

ECTA RENDEZVOUS 2021: SPOTLIGHT CUTTING TOOLS

ECTA RENDEZVOUS 2021: SPOTLIGHT CUTTING TOOLS

With the postponement of the Cutting Tool Conference in Bordeaux to 2022 because of the Coronavirus crisis, the European Cutting Tool Association is holding a special on-line event on Friday 18th June.  This one hour event will start at 0900 (UK time) and include these topics:
•    ECTA’s European Cutting tools market - Markus Horn, ECTA President
•    Economic Outlook for the Industrial Sector - Josua Burkart, Managing Director - hpo forecasting ag.
•    Vehicle Electrification and Transformation of the Industry - Kai Krüger, Manager - FEV Consulting

ECONOMIC NEWS

ECONOMIC NEWS

European Commission Economic Sentiment Indicator and Capacity Utilisation, May 2021:  The European Commission (EC) draws from a range of surveys to construct confidence indicators for six sectors of the economy and then uses five of these (financial services is not included in the ESI) to compile its Economic Sentiment Indicator (ESI).  Because of the data collection periods, the month is that in which the data is published, although it really refers to the previous month so these results really apply to April despite the title.