Friday Brief 28/06/24 (W26)

Good afternoon and welcome to this week’s Friday Brief; your weekly roundup of news from the MTA.

A reminder to save the date for our AGM and Lunch on 28th November. This will be held in Westminster with the intention to hold a House of Commons Reception as part of the event with the government that will be formed next week. Further details will follow soon.

This week we have news of our new regular column focusing on legislation updates. We’re hoping these new updates will make the raft of information we receive more manageable for you to keep up-to-date as part of this key member benefit.

Greater Birmingham Chambers of Commerce has launched a new training course designed to help businesses understand what they need to do in preparation for Carbon Border Adjustment Mechanism (CBAM) launching in the UK. MTA Cluster Members can access and exclusive discounted rate on this course- further details below.

We also have news that Croner, our HR and legal advice partner, is offering members a free documentation health check. You can find out how to use this offer below.

Our only economic news this week is the latest results from the CBI Industrial Trends Survey; this suggests that the improvement in output that we saw in the previous edition has been sustained but not improved upon, while orders is a mixed bag of a slower pace of decline for the total trend but a sharp fall in export business (implying a reasonable performance for domestic demand).

We also have some international reports to share with you this week. The new edition of the CECIMO Economic & Statistical Toolbox has been released – this mainly covers the 1st quarter of 2024, although some of the series are more recent than that. This report is based on 6 sections covering historical data for the sector, demand, investment, the business climate, general economic indicators and information on related sectors. You can also access this information between the data releases via the CECIMO Dashboard – more details of this in the article below.

The other data exchanges result from meetings of associations. We have the biannual CECIMO Statistical Report (machine tools) produced as part of their General Assembly meeting (we reported on the press release from this last week) and the annual Statistical Exchange from ECTA which covers the cutting tool part of our sector. Find out how to access these below.

That concludes the Friday Brief for this week. We will return next Friday with another weekly roundup but, until then, have a good weekend.

LEGISLATION UPDATES

Welcome to our new regular series dedicated to providing the latest and most relevant updates on legislative changes. The attached document contains detailed information on the implementation dates for new legislation, along with guidelines on compliance and key points to watch for in the future. For any enquiries or suggestions regarding specific legislation that you […]

WEBINAR – Carbon Border Adjustment Mechanism (CBAM)

3rd July 2024, 9.30am Greater Birmingham Chambers of Commerce has launched a new training course designed to help businesses understand what they need to do in preparation for Carbon Border Adjustment Mechanism (CBAM) launching in the UK. The Carbon Border Adjustment Mechanism is a policy implemented by governments to account for the carbon cost of […]

FREE COMPLIANCE CHECK FROM CRONER

MTA’s HR helpline partner, Croner, would like to offer MTA Cluster members an HR Contract, Policy and Handbook check and a Health and Safety Compliance Check free of charge. Croner are offering a free contract policy and handbook check for association members to ensure your documentation is legally compliant and fit for business until 30th […]

ECONOMIC NEWS

CBI Industrial Trends Survey, June* 2024: The June* dated edition of the CBI Industrial Trends Survey (ITS) suggests that manufacturing output volumes were broadly unchanged in the latest 3 months* following the increase that was recorded in the previous survey. However, only 4 of the 17 sub-sectors saw an increase in output with the food […]

CECIMO ECONOMIC & STATISTICAL TOOLBOX & DASHBOARD

The latest edition of the CECIMO Toolbox has just been released; this covers mainly data for the 1st quarter of 2024, although some of the series are more up to date. The Toolbox document groups information into 6 categories covering historical data for the sector, demand, investment, the business climate, general economic indicators and information […]

RECENT DATA EXCHANGES

At its recent General Assembly meeting, CECIMO published its biannual Statistical Report. This covers machine tools data on production, orders, consumption and trade (exports/imports) for machine tools across the 15 member countries of CECIMO. As well as data for the individual countries, the European (CECIMO) aggregate is placed in a global context with comparisons with […]

Friday Brief