Advanced Manufacturing is a dynamic, globalised, sector which is constantly evolving. Much of that evolution is as a consequence of technological change which is happening at a faster rate than ever before. Manufacturing Technology that change right across sectors and in companies of all sizes. The MTA exists to help its members transform the manufacturing world.
CBI Industrial Trends Survey, January 2021: The latest results from the CBI Industrial Trends Survey (ITS) shows that manufacturing activity remains weak with output volumes in the 3 months to “January” flat and total new orders falling. The data collection period for this survey ran from mid-December to mid-January, so the trends identified mainly cover the 4th quarter of 2020, with January being the month of publication.
UK Manufacturing Output, November 2020: The latest data from the Office for National Statistics (ONS) shows that manufacturing output was +0.7% higher than in October and over the latest 3 months (September, October and November) output was +4.7% higher than in the previous 3 months (June, July and August). However, output in the latest 3 months was -5.5% lower than in the same months of 2019 and the level in November was only 95% of where it was in February.
UK National Accounts & Investment, 3rd Quarter 2020: Just before Christmas, the Office for National Statistics (ONS) published the national accounts for the 3rd quarter of 2020; this saw the quarterly growth rate for GDP revised up slightly to +16.0% (previously +15.5%). Of course, this record high rate of growth is mainly a bounce from the record decrease of -18.8% in the 2nd period of the year.
The Global analysis of the Purchasing Managers’ Index (PMI) for manufacturing produced by J P Morgan using the data from IHS Markit reflected the general improvement in most countries and regions in December and the global reading of 53.8 is one of the highest over the past decade. This article only refers to the PMI for the manufacturing sector.
Flash PMI for Manufacturing, December 2020: The flash PMI reports are based on data received up to 14th December, giving an early indication of the results ahead of the final data being released at the start of 2021. The composite PMI for the whole UK economy showed a return to positive territory after the dip in November; this reflects an improvement in activity in the manufacturing sector coupled with a less negative reading for the service sector.
UK Manufacturing Output, October 2020: The Office for National Statistics (ONS) published its monthly raft of output data on Thursday morning and while it is the GDP data that attracts the headlines, it is the detailed figures on manufacturing output that are of more interest to MTA members. The latest release shows that manufacturing output grew by +10.0% comparing the latest 3 months (August, September and October) with the previous 3 months (May, June and July), althoug
Our colleague Jack Semple, Secretary of EAMA has provided some notes on the recent announcement of a general export finance facility aimed at SME’s.
European Commission Economic Sentiment Indicator and Capacity Utilisation, November 2020: The European Commission (EC) draws from a range of surveys to construct confidence indicators for six sectors of the economy and then uses five of these (financial services is not included in the ESI) to compile its Economic Sentiment Indicator (ESI). Because of the data collection periods, the month is that in which the data is published, although it really refers to the previous month - in this case...
The Global analysis of the Purchasing Managers’ Index (PMI) for manufacturing produced by J P Morgan using the data from IHS Markit showed one of the fastest expansions in activity in almost a decade in November with the global PMI at 53.7, although it was briefly above this point at the start of 2018.
CBI Industrial Trends Survey, November 2020: The latest results from the CBI Industrial Trends Survey (ITS) suggests a dip in activity in “November” (but note that data collection was from 26 October to 12 November so the trends probably don’t have much indication from November). Both total and export order books deteriorated a little from the October level and they remain well below the long-run average level.