Friday Brief Intro 19/05/2023

Good morning and welcome to this week’s Friday Brief! We hope you have had a wonderful week enjoying a little bit of sunshine! Summer is on it’s way!

To begin the newsletter today, I would like to invite you to get a date in the diary. The MTA is pleased to announce the Annual Members’ Golf Day will be on Wednesday 13th September 2023 and will be returning to The Leicestershire Golf Club. Take a look at the story below to check out more details.

Make UK has proposed that a Royal Commission on industrial strategy (IS) be established. The aim would be “to determine a cross-party consensus on future priorities and ambitions for the manufacturing sector and wider economy and society, and then to agree aims and objectives that the state regard as strategically important markers of success. Find out more below.

Following the Government report on menopause, which revealed that menopausal women are the fastest growing workplace demographic with cases involving the menopause increasingly at the centre of employment tribunals in the UK. Associate Member Citation has produced free guidance for employers on supporting employees going through the menopause. Download the guide in the story.

Advanced engineering companies with an interest in exporting to China are invited to submit entries for a catalogue that is being prepared by the Department for Business and Trade’s office in Beijing, responsible for promoting both exports and Chinese investment into the UK. A first edition is already published, with around 60 firms listed, and a second edition is planned for this autumn. Check out the first edition through the link in the story.

We have a bumper set of economic news for you this week, so rather than try to summarise the key points, this introduction is just a list of the topics you can find across three separate articles for ease of reference. The UK piece includes the manufacturing output, GDP and business investment data for the 1st quarter of 2023, the European article looks at the manufacturing output and GDP data for that region and our “international” section covers the latest market data from the USA and the quarterly orders figures for Japanese manufacturers of metal cutting machines.

Finally, the April edition of the MTA Business Survey will be closing early next week but the online form at www.mta.org.uk/mta-business-survey-apr23 is still open for your input. With thanks to those who have already replied, please take a couple of minutes to let us have your feedback as we build a summary picture of the manufacturing technology business.

That’s it for today! We hope you enjoy the Friday Brief this week and have a lovely weekend!

Call for Royal Commission on industrial policy

Expert free guide | Menopause guidance

MTA Golf Day

The MTA is pleased to announce the Annual Members’ Golf Day will be on Wednesday 13th September 2023 and will be at The Northamptonshire Golf Club. Join us at this historic course that is nestled in beautiful parkland and backed by countryside. You will enjoy a fantastic day that includes breakfast, a round of golf, […]

DBT’s Chinese catalogue

ECONOMIC NEWS

UK Manufacturing Output March & 1st Quarter 2023: At the end of last week, too late for our publishing deadline, the Office for national Statistics (ONS) published the manufacturing output data for March and, of course, with that the figures for the 1st quarter of the year. The March figures show that manufacturing output increased […]

ECONOMIC NEWS – EUROPE

European Industrial Production, March 2023: Eurostat has also released its data for March although at the top level this is for industrial production and they don’t provide directly comparable data for manufacturing. Also, their data is monthly with no easy way of determining the quarterly figures from the press release. The headline figures show a […]

ECONOMIC NEWS – INTERNATIONAL

USMTO and CTMR, March 2023: The US Manufacturing Technology Orders (USMTO) programme tracks orders in the US market, based on the reports from participants. In the 1st quarter of 2023, orders were -7.5% lower than in the same months of last year (January to March 2022). This was despite a strong increase for March which […]

Friday Brief