FB Intro 27th May
Good morning and welcome to this weeks’ Friday Brief.
We start this week with a reminder that National Manufacturing Day will take place on 7th July. Find out how you can get involved by signing up or even opening your doors on the day. Further details in the story and associated web link below.
A reminder that Hannover Messe takes place next week and the MTA has exclusive access to limited number of complimentary tickets, so make sure you use our code below if you or your colleagues are thinking of attending.
Jack Semple, Secretary of EAMA has prepared some highlights and a commentary on the recent speech by the Chancellor Rishi Sunak to the CBI when he spoke about the need to boost investment – see the article below for more details.
MTA Associate Member, Citation has information this week on making sure you’re up-to-date with the latest from the HSE to ensure you don’t get unnecessary enforcement notices from them. Check out the story below for more details.
On a similar note, we have details of Croner’s Webinar & E-Learning sessions for June. These are free to all Members and cover HR and health & safety basics, right through to specialised sessions including relevant legislation and key case law.
As you may already be aware, one of the services the MTA offer is free access BSI standards through the British Standards Online (BSOL) system. We are working with BSI to provide some complimentary training on the 17th June 2022 from 11:00 to 11:30am to ensure that you are able to obtain the maximum value from this system. Find out what we will be covering and how you can register below.
The economic news this week is mostly UK orientated after last week’s burst of European data and we start with the latest results for the CBI Industrial Trends Survey which were bullish about the UK manufacturing sector in “May” (the data collection dates suggest it is really about April) with strong growth in both output and orders. However, this is not supported by the flash PMI figures for manufacturing which, although positive, reflect slower growth in output and a fall in orders but with the overall PMI inflated (perversely) by a re-lengthening of suppliers’ delivery times.
There is a similar pattern in the flash PMI’s for other major economies, with the Euro-zone, Japan and the USA all seeing a lower positive reading of the main index; this included a slower pace of expansion in output, except for the Euro-zone which saw a small improvement led by Germany where the automotive industry reported an easing of suppliers’ delivery times.
Returning to the UK, we return to the recent investment data where we now have the break-down by industry and we take a look at the trade data for the 1st quarter which was published a couple of weeks ago. There are complications in this both from trade in non-monetary gold and from changes to the source of data collection for trade with the EU.
That’s all from us this week. We’ll be taking a break next week for the Platinum Jubilee celebrations and bank holiday but will return the following week. From all the MTA team- have a good weekend!
ECONOMIC NEWS
CBI Industrial Trends Survey, May 2022: The latest results from the CBI Industrial Trends Survey (ITS) show an improvement in both output and orders growth in May – note that the data collection ran from 26th April to 12th May so this really refers to April (or the month before the date of the survey […]
Read more