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Industry Focus

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, October 2020:  Before we look at the results of the CBI Industrial Trends Survey (ITS), it is perhaps important to note that the data collection period was from 25th September to 13th October.  This was before the latest lockdowns under the impact of the Coronavirus and, at least initially, was a period when a Brexit trade deal looked likely.  There may, therefore, have been some shift in sentiment since the data was collect

This week saw the MTA Forecast Seminar move on-line although it retained its usual format of having 3 presentations around the topics of the macro-economic situation, the global industrial outlook and the specific forecasts for the manufacturing technology industry.

Euro-zone Industrial Production, August 2020:  Data released this week by Eurostat saw a slowing of the growth rate compared to the previous couple of months;  although this is seasonally adjusted, there may still be an element of the holiday season behind this.  Total industrial production in the Euro-zone was +0.7% higher than in July with growth on the same basis of +1.0% for the whole of the EU.  However, compared to a year earlier (August 2019), output was -7.2% lower in the Euro-zone...

UK Manufacturing Output, August 2020:  The headline from the latest data for manufacturing output from the Office for National Statistics (ONS) shows growth of +11.3% in the latest 3 months (June, July and August) compared to the previous 3 months (March, April and May).

The MTA Forecast Seminar is moving on-line this year.  Given the current circumstances, it is even more important that you get an up to date view of the economic prospects for the global economy and the industrial sectors to which your customers belong.

UK National Accounts, 2nd Quarter 2020:  With the release of the quarterly national accounts the Office for National Statistics (ONS) has started the process of re-basing UK economic statistics to 2018.  This complicates comparisons with previous estimates as there may be some impact from the new base year but the headline shows that the UK economy is now estimated to have contracted by -19.8% compared to the 1st quarter of the year – this is slightly be

There was something of a mixed bag in the Purchasing Managers’ Index (PMI) data for manufacturing that was published this week, but the overall trend was positive and the global composite produced by J P Morgan using the data from IHS Markit edged up to 52.3, its highest level in 25 months.  This article refers only to PMI’s for manufacturing.

The MTA Forecast Seminar is moving on-line this year.  Given the current circumstances, it is even more important that you get an up to date view of the economic prospects for the global economy and the industrial sectors to which your customers belong.

CBI Industrial Trends Survey, September 2020:  The latest results form the CBI Trends Survey  show that manufacturing activity remains weak in “September” [note – the data collection ran from 26th August to 14th September so the results mostly refer to August, with the latest 3 months being the June to August period].  Output volumes over the past three months continued to fall and, although this was at the slowest pace since before the Covid-19 outbreak

Bank of England Agents' Summary of Business Conditions - 2020 Q3:  The headline from the Bank of England Monetary Policy Committee meeting this week was their warning that the rising rate of coronavirus infections and a lack of clarity over the UK's future trade relationship with the EU could threaten the economic recovery.  While they noted that much of output lost during lockdown had been recovered, the outlook remained "unusually uncertain".  Citing this uncertainty, the B

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