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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.

This bulletin is issued by the Department for Business, Energy and Industrial Strategy (BEIS) and provides the latest information for employers and businesses on coronavirus (COVID-19).  All coronavirus business support information can be found at www.gov.uk/business-support.  The following are the key points from this week’s bulletin that apply to MTA members with regard to their business operations.

The PMI for the UK manufacturing sector reached its highest level since March 2019 at 53.3 although, given that this tracks month-on-month changes (up/same/down) rather than levels, this should not be surprising.  We might have expected a stronger figure given the severe impact of the Covid-19 outbreak over earlier months.  In fact, this strength is there in that output grew at its strongest pace for 32 months and orders were at a 28-month high and there is also significance in that output...

We have a few reminders for you this week relating to the latest developments.

UK Manufacturing Output, May 2020:  The data for manufacturing output from the Office for National Statistics (ONS) showed that activity in the latest 3 months (March to May 2020) was -18.0% lower than in the previous 3 months (December 2019, January and February 2020) and -19.9% down on the same period a year earlier (March to May 2019).  Although we will focus on the 3-month moving trends in the rest of this note, it is worth noting that manufacturing output in May was +8.5

EURIS is issuing advice to members to allow for early planning for the undesired outcome of a no-deal Brexit. Much of the advice will still be useful and some necessary under most FTA scenarios too.  We would advise all member companies to review our checklist and act on the recommendations set out below.

Surface Engineering Leadership Forum (SELF): Apprenticeship Standards.

Over the past 2 to 3 years, members of the Surface Engineering Leadership Forum team have been involved in several trailblazer groups, to help put together apprenticeship standards for engineers employed within the surface coatings and surface engineering disciplines.

Would you like your business to receive national and international recognition for its work in international trade, innovation, promoting opportunity or sustainable development? If so, the Lord Lieutenant, Ed Anderson, the Chambers of Commerce and companies who had gained the award would like to help you. The Queen’s Award for Enterprise is open to companies of all sectors and sizes based in the UK and it’s free to enter.

The government has launched its new campaign to prepare the UK for the end of the transition period, with the strapline: Check, Change, Go.

Chancellor of the Duchy of Lancaster Michael Gove said that the end of the transition period “will bring changes and significant opportunities for which we all need to prepare… there are actions that businesses and citizens must take now to ensure we are ready to hit the ground running as a fully independent United Kingdom.

Following on from last week’s item, our colleagues at Oxford Economics (OE) have now updated their outlook for the recovery in industrial output from the Covid-19 crisis.  This looks specifically at a recovery profile within the overall forecast and includes some industry detail.

Our colleagues at Oxford Economics (OE) have just completed their regular quarterly revision of their industry forecasts and the slides from their webinar are attached below and we hope that these notes help in interpreting the charts.

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