Good afternoon and welcome to this week’s Friday Brief. Who’s ready for a great October? With less webinars and more live events, the industry is buzzing again!
First off today, the MTA have some exciting news. The Manufacturing Technologies Association announce new Engineering Supply Chain Show to launch alongside MACH 2022 at NEC, Birmingham. The Engineering Supply Chain Show is a new exhibition where engineering and manufacturing buyers go to find world-class suppliers, exclusively in the UK engineering and manufacturing supply chain. Check all the details in the press release that went out earlier this week.
As you may know EMO starts next week and the MTA will be exhibiting at EMO next week in Milan in Pav.4 stand no B33. Exhibitors and visitors to the show are welcome to visit the stand to say hello to one of the team.
We now have a new link to register for our Annual General Meeting so make sure you book your tickets through the link in the story below.
MTA Associate Member Accruent are running an online roundtable discussion on Green Manufacturing on Thursday 28th October at 10am. During this roundtable, they will explore the different perspectives of worldwide industry experts regarding the impact of new environment demands in the manufacturing industry. Find the story below for more info.
All businesses, including intermediary bodies and training providers, can now review funding pledges from levy paying businesses. The governments new service supports businesses to access important apprenticeship funding – helping them to create more apprenticeship opportunities so more people can get the jobs they want. More information can be found in the story.
With only a month to go before INDEX™20 opens its doors for the first time since 2017, around 750 exhibitors have confirmed their presence. INDEX™20 will be a true celebration of what the industry can create, and a demonstration of the glorious future ahead. Stay up to date with what will happening with the story below.
The new UK National Security & Investment Act 2021 comes into effect fully from 4 January 2022. The Act gives the government powers to scrutinise and intervene in acquisitions that may pose national security risks. Find out more in the story.
UK Export Finance has published a climate strategy for 2021-2024, as it increases its focus on projects that advance net zero. There’s lots to read in the article that can be found below.
The headline news this week is the Purchasing Managers’ Index data for September. In the UK and most of Europe it is a case of a lower reading than in August while remaining firmly in positive territory but with some exceptions - for example, Switzerland and especially Sweden saw an increase in the PMI from what were already very high levels. The picture in Asia is more mixed but both China and the ASEAN region recovered to exactly 50. We don’t yet have the data for the Americas as this comes out this afternoon so there will be an update next week.
The other major item of economic news this week is the UK national accounts data for the 2nd quarter which, perhaps most importantly, gives us the detailed industry breakdown for investment. This is the time of year when the ONS re-bases its economic data series and this has resolved most of the problems that we were seeing in the investment data; the latest figures show that the recovery is still underway but that we are not yet back to the pre-pandemic levels. We also take a look at the revised GDP data which has seen the estimate of growth for the UK economy in the 2nd quarter revised up significantly to +5.5%, although this still leaves the economy -3% smaller than before the current crisis began. Also in the economic news item, we have the economic sentiment data from the European Commission which shows a levelling off, although at a high level in historical terms, for the industry sector.
In a separate article, we report on the latest Economic & Statistical Toolbox from CECIMO. This includes updated figures for orders, as well as relevant macroeconomic figures from the OECD, ECB and the European Commission, among others which reflect a further improvement in European manufacturing in 2nd quarter of 2021. It also has a new section on machine tool customer sectors.
We will be launching the MTA Business Survey for September today; please take a couple of minutes to complete this important survey - the on-line form will be available at www.mta.org.uk/mta-business-survey-sep21.
Thank you for keeping up to date with us and we’ll ‘see’ you again next week! Have a great weekend!