Good afternoon and welcome to this week’s Friday Brief. We hope you have had a great start to September 2021.
I’d like to begin this newsletter with news on a couple of webinars coming up. Join Irwin Mitchell and Caldwell & Robinson on 14th September at 11am to find out more about the opportunities and challenges for GB manufacturers in Northern Ireland, post Brexit. Please register through the link below and find out what will be covered in the Webinar in the story below.
Our colleagues at CECIMO - The European Association of the Machine Tool Industry and related Manufacturing Technologies - have organized a webinar on “The Recovery of Machine Tool Purchasing Industries”, which will take place on Thursday 9th September 2021 from 10:00 to 11:00 (UK time). You can find more information and the link to register below.
Innovate UK, as part of UK Research and Innovation, is offering at least 20 Women in Innovation Awards to female entrepreneurs across the UK. The winners will receive a £50,000 grant and a bespoke package of mentoring, coaching and business support. The aim of this competition is to find women with exciting, innovative ideas and ambitious plans that will inspire others. Find out more below.
A link to the new BSI standards booklet is included in this weeks Friday Brief. You can find key points on what is included in the booklet in the story.
The general trend in the PMI data for the manufacturing sector that was published this week was of a modest fall in the reading compared with July but still mostly at a good level. The UK figure was only a fraction down in August and while some other European countries had a larger fall in the PMI, they were also still strongly positive. There are, of course, some exceptions to these trends - perhaps most notably the below 50 readings in China, Mexico, Russia and the ASEAN region - and we explore the data in the article below.
In the other economic news this week we take a look at the Economic Sentiment Index published by the European Commission. Like the PMI data this reflects an easing in confidence for manufacturing while remaining at what is an historically high level.
We also have the announcement of a webinar from our colleagues at CECIMO that as well as looking at the latest figures for the machine tool industry will also have presentations on the recovery in both the automotive and aerospace industries.
The August edition of the MTA Business Survey was launched this week and you can access the questionnaire at www.mta.org.uk/mta-business-survey-aug21. This gives a quick overview of the trends in our sector and we would encourage all MTA members to take a couple of minutes to let us have your input.
That is all we have for the first Friday Brief of the month. Thank you for reading and enjoy your weekend!