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.
Following our article last week (see https://www.mta.org.uk/resources/purchasing-managers%E2%80%99-index-5) we now have the missing data that was published over the Easter weekend. The Global Purchasing Managers’ Index (PMI) for manufacturing produced by J P Morgan using the data from IHS Markit came in at 55.0 (although not all the countries were included in this because of the publishing delays), its highes
The latest edition of the Toolbox from CECIMO (the European group for associations representing machine tool manufacturers) largely covers data up to the 4th quarter of 2020, although the trade data is not yet available to this point.
The Toolbox is structured around 5 themes covering data for the machine tool industry, demand, investment, the business climate and general economic indicators.
The highlights in this edition include:
Call for applications now open for up to £2 million funding, available through a new joint NPL and Innovate UK initiative
On Friday 16th April, CELIMO - the group of European associations representing importers/distributors of manufacturing technology - will hold its Spring Economic Update Webinar. This will take a look at the current situation in Europe focusing mainly on the outcomes for 2020 and the prospects for the coming year across the region.
Organisers of EMO MILANO are confident the event will run as scheduled and they are very optimistic that by October, due to worldwide vaccination campaigns, movement of people will be allowed and lighter restrictions will be in place for industrial exhibitions.
Indian economy has been recovering from the aftereffects of the pandemic and is projected to grow at 12.5% during the year 2021-22 as per IMF estimates.
However, the recent spike of Covid cases during the month of March in multiple regions has brought considerable concern. As requested by member companies and exhibitors of IMTEX, IMTMA has decided to reschedule the IMTEX dates from June 2021 to January 2022 along with IMTEX FORMING.
Because of the publishing schedule we don’t yet have the PMI’s for the Americas, or for India and the ASEAN region as these two are not published until next week. As a result, the global manufacturing PMI is not complete, so we will focus on the data that we do have - in all cases this refers to the PMI for the manufacturing sector.
Members have been given the chance to get free tickets for this online event in June. This is an opportunity for digital transformation leaders across Europe to come together and join forces with 100’s of experts from across the manufacturing industry.
UK Export Finance (UKEF) and the Engineering and Machinery Alliance (EAMA) are delighted to invite you to join our upcoming export webinar, which will highlight the benefits of the support available from UKEF's General Export Facility (GEF).
What you can expect at the event:
Chancellor Rishi Sunak and business secretary Kwasi Kwarteng have written an open letter to businesses, explaining how the 2017 Industrial Strategy (IS) is morphing into “our plan for growth”.
The letter follows publication on March 3rd of Build Back Better – our plan for growth on Budget Day, March 3rd, and criticism of dropping the IS and the accompanying Industrial Strategy Council, which has been replaced by a larger Build Back Better Council.