Good afternoon and welcome to this week’s Friday Brief! Can you believe it’s almost August? It’s just around the corner!
To start off this week, it is a pleasure to invite you to submit abstracts for the 13th International Conference on Compressors and their Systems. The conference is organised by City, University of London and will take place on 11th – 13th September 2023. Take a look I the story below for more details.
On Friday last week the government gave its backing to a new statutory right to neonatal leave and pay and reforms making it unlawful for employers to withhold tips from staff. Have a read of the bullet points that Croner have put into their ‘In The Know’ newsletter below.
The next free online MMN event is ‘How diversity benefits business‘. Hear from Laura Watkin at NPL (National Physical Laboratory), Jennifer MacDonald at NMIS (National Manufacturing Institute Scotland), Jo Thomas and the University of Huddersfield about how businesses are benefiting from a diverse workforce. Find the Eventbrite link in the story to register.
We are now taking bookings for the MTA’s Forecast Seminar! The event takes place on Thursday 20th October at our member Yamazaki Mazak’s facility in Worcester. Book through the link in the story and if you have any questions, please contact [email protected].
Your UK trade body is a member of EURIS, an organisation which represents industrial product suppliers covered by the Single Market. EURIS represents sectors with a turnover of over £148 billion and covers sectors responsible for over 25% of total UK goods imports and exports. EURIS are gathering data from all EURIS trade association members about skills gaps and vacancies across the advanced manufacturing sector. Click on the link in the story below to complete their survey.
The Home Office launched their new Plan for Immigration: Legal Migration and Border Control Strategy on 20th July 2022 in order to end free movement and strengthen the UK border. More details can be found through the link in the story.
It has been a quiet week for economic news but we do have the first estimate of the Purchasing Managers Index (PMI) for manufacturing which, unfortunately, makes rather gloomy reading to take us into the weekend. While the overall index for the UK (and Japan) was still positive, this is largely driven by the perverse effect of suppliers delivery times being longer than normal and the output element is below the crucial 50 level with orders also falling. In the Euro-zone, the picture is similar except that the flash estimate of the overall manufacturing PMI is also in negative territory.
The economic news article this week also takes a look at the latest index of activity among engineering companies that is produced by Qimtek. Next week will be interesting as we get the results of the CBI Industrial Trends survey which will include a new reading for investment intentions.
We had hoped to have completed the MTA Business Survey by now but the holiday season has slowed the response rate, so we are holding it over until Monday. This means that there is still time for you to let us have your input via the online form at www.mta.org.uk/mta-business-survey-jun22.
Similarly, the quarterly EIA survey is also still running and the questionnaire for this is available at https://www.mta.org.uk/EIA-survey%20Q2-22.
Thank you for taking the time to keep up to date with us this week! We hope you have a fantastic weekend and look forward to sharing more news with you next week!