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.
Sector accounts for 23% of the UK’s GDP and 5 million more jobs than widely reported
Manufacturing accounts for nearly a quarter of the economy and more than 7.4 million jobs depend on it according to new research commissioned by the Manufacturing Technologies Association (MTA).
PMI, UK and Euro-zone, March 2018: The Purchasing Managers Index (PMI) for the UK manufacturing sector edged up to 55.1 (from a revised 55.0 in February) and so, just ahead of MACH, it continues to point to a significant rate of expansion amongst our customers. The press release from IHS Markit notes that this is a balance between faster growth in output and slower increases in new orders and employment - note that both are still growing - and, as a result, order backlogs f
UK GDP and Business Investment, 4th Quarter 2017: In publishing the quarterly national accounts, the Office for National Statistics (ONS) confirmed its previous estimate of growth at +0.4% compared to the 3rd quarter, but has revised up the growth rate for 2017 to +1.8% (from +1.7% in the previous estimate). This is actually an improvement of less than 0.05 percentage points which gives a revision due to rounding and comes mainly from updated figures f
This week saw the MTA and PPMA partner on a well-attended wellbeing event that focused on mental health and motivation in the work place.
The day saw Alan Bradshaw speak on what mental health is and how it effects businesses and the long term risks to individuals.
He gave advice on what companies can do to address and support staff in the workplace, by raising awareness and implementing strategies to protect employer and employee, which lead to vibrant discussions.
CBI Industrial Trends Survey, March 2018: The latest results from the CBI survey largely mirror those of our own surveys of the manufacturing technology sector with manufacturing output growth remaining robust although at a slightly slower pace than in the previous month. Output grew in 14 of the 17 sub-sectors, with Motor Vehicles & Transport Equipment, Chemicals and Electronic Engineering leading the way. The respondents to the survey anticipate a further slowing of
European Industrial Production, January 2018: Figures released by Eurostat show that total industrial production in the Euro-zone fell by a seasonally adjusted -1.0% compared to December 2017, but as still +2.7% above the level of a year earlier. For the EU28, the changes were -0.7% and +3.0% respectively. It is always dangerous to read too much into one set of data, especially monthly series, so we need to wait to see if this is a turning point or just a blip.
IMTS 2018 Press Conference: Featuring U.S. Economy
UK Manufacturing Output, January 2018: The headlines around the output data for January which was published by the Office for National Statistics this morning focused on the re-bound in total industrial production. This was driven by the restoration of the pipeline from the Forties oil field and, therefore, entirely predictable. Underlying this headline, manufacturing output increased by +0.1% compared to December - this is the 9th consecutive month-on-month inc
The MTA Business Survey for February is still open, but we will be looking to close this around the middle of next week; therefore, we would appreciate your returns as soon as possible - with thanks to those members who have already replied. The on-line form at www.mta.org.uk/mta-business-survey-feb18 is still open - we look forward to hearing from you.
The EURIS Task Force last week welcomed the Prime Minister’s vision for UK trade agreements with the EU and across the globe but highlights the need for the creation of a post-Brexit industry and Government liaison body in order to deliver on this vision.